Canyon Lake Ranch was once a playground for Christian day campers, and then was a corporate retreat with water-skiing, barbecues and cowboy shoot-em-up shows. Hawks now circle above 108 sunbaked acres occupied by copperhead snakes, a few coyotes and the occasional construction truck. Soon this ranch will be a gated subdivision of 99 mini-mansions designed… Read more »
Posts Categorized: China
Will China Policy Change Bring Even More Foreign Buyers to NYC?
China’s Central Bank is moving forward with capital markets reforms that could make it easier for Chinese citizens to invest in New York real estate. The country’s monetary policymakers announced on Friday they may soon allow residents of a Shanghai free-trade zone to buy overseas assets directly – a trial run for the rest of… Read more »
Is China’s Real Estate Bubble Ready To Burst?
I’ve been warning that the greatest threat to the global economy is the bursting of China’s real estate bubble. It’s the largest and most extreme in the world. Prices for Shanghai real estate have gone up 650% since 2000 and 86% since the last peak in 2007. Here’s my question… what’s driving this bubble? The… Read more »
