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Chicago Stock Exchange Being Sold to Chinese...


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#1 Rogerdodger

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Posted 05 February 2016 - 10:37 AM

This reminds me of the time when the Japanese were buying everything in the USA.

How did that work out for them?

 

Chicago Stock Exchange Being Sold to Chinese...

 

In a semi related November story:

Chinese Cash Floods U.S. Real Estate Market

 

Chinese families are looking for a safe place to invest their renminbi. From rural Texas to Silicon Valley, American real estate is an increasingly popular destination for their cash.

"It's 15 to 20% of our buyer pool."

A luxury development 35 miles northwest of Dallas is the latest frontier in a global buying phenomenon as Chinese money becomes a major force in real estate around the world. The flood of money is likely to persist despite the current tumult in China. While a currency devaluation and stock market crash have crimped the country’s buying power overseas, the resulting uncertainty is making many Chinese individuals and companies eager to invest anywhere except their home country.

In London, Chinese investors are purchasing high-end apartments in wealthy neighborhoods and big skyscrapers in the financial district. In Canada, they are paying $1 million for modest Vancouver bungalows. In Australia, a Chinese sovereign wealth fund bought nine office towers, one of the biggest real estate transactions in that nation’s history.

 

 

 



#2 CRUISENAL

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Posted 05 February 2016 - 10:54 AM

Perfect timing. This suggests like others are saying that the money will flow here and then the rug gets pulled out and we see a major decline in RE thereafter. Time will tell, but the odds IMO are RE will decline in the future. How much I don't know. I just sold a second home on a small 800 acre spring fed lake in NE Indiana, likely the nicest in Indiana and in the mid west. Did not get what we would have liked, but prices are dropping if you want to sell. Just glad we got out now as prices are still likely to fall in the coming few years! Here in our area of Florida, prices have dropped probably 9-10% in the past 6-9 months. Last summer they peaked. Right now just stable. 



#3 q4wer

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Posted 05 February 2016 - 11:45 AM

compared to Beijing, Shanghai, RE in USA is 100% under valued, so you think...