Re:For Chinese Home Buyers, Seattle Is the New Vancouver
by downrightmike on Monday May 08, 2017 @01:47AM
(#14289507)
Even the low value, or in foreclosure homes are being snapped up; just by the big banks. Who then rent them and sell that rent money as a new subprime asset. Its the subprime mortgage crisis all over again, except shareholders will get the mortgages given up as collateral.
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