Posts Tagged ‘SPECULATION’Foreclosures Sting Even Best BuildersBy ANDREW JEFFERY This post first appeared on Minyanville. Foreclosure: It’s not just for those “subprime” people anymore. Besieged by collapsing home prices and frightened banks scrounging for cash, even the real-estate industry’s brightest stars are finding there’s no place to hide. According to the New York Times, small and mid-size homebuilders who thrived during [...] Keepin’ It Real Estate: Chinese Investors Smell Blood in CaliforniaBy ANDREW JEFFERY This post first appeared on Minyanville. Speculators have been flocking to California for centuries. Gold, computers, absurd dot.com start-ups, real estate - if it’s an asset, it’s probably boomed and busted in the Golden State. The bursting of the latest bubble — real estate — is still in progress, as foreclosures push up [...] |