The latest S&P/Case Shiller index showed that the average price of single-family homes in 20 of America’s largest cities fell by 18% in October, the largest one month decline in history.
Home prices have fallen every month since January of 2007 and I doubt they are done falling.
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One thing I’ve noticed a lot of in Shanghai, Beijing, and Hong Kong is German businessmen. I’m haven’t investigated what German companies are doing big business in China, but there must be a lot of them.