Monday, May 16, 2016

Think about it North Carolina; "Chinese buyers have invested a massive $110 billion into the US real estate market between 2010-2015."

"Chinese pour $110bn into US real estate

$110 billion divided by 52 states is more than $2 billion per state, 
but it's not divided up equally 

...The sheer size of that total has helped the real estate market recover from the crash that began in 2006 and precipitated the 2008 economic crisis...

A bunch of dumb asses at both the City and state level
played chicken with North Carolina's economy and lost,
and now a good chunk of what otherwise would have been invested in our state
isn't going to be

The authors of the study said their numbers, based on public and real estate industry data, understate the total. They necessarily miss purchases made by front companies and trusts that do not identify the sources of the funds."

Leaders from both 'sides' are responsible for the economic damage done