Ms. Pelosi knows how to work a deal. As such opportunities just seem to fall into her lap from nowhere. Before Pelosi was in Congress she was comfortable, but she wasn’t rich. Yet now she’s worth tens of millions of dollars.
The Chinese have poured stimulus on top of stimulus already. An archipelago of idiot central planning projects stretches from the Ordos desert in the north to the lush mountains in the south. High rises reach to the sky but are empty, in the middle of cities which are empty, in a country which is anything but empty.
11. The multifamily McMansion
It is a key part of the home buying process. Money that is. And most young people don’t have much of it.
China is the ultimate crony capitalist state. It is a country which is built on lies on top of more lies on top of more lies on top of more lies.
The economy is addicted to easy money. Just the slightest hint that the Fed will end, or even just reduce its extraordinary bond purchase program, and rates tick up and buyers run from the market.
Most news stories take this for granted. They shouldn’t.
Zoning is a powerful tool.