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They want big houses — several of them — with ornate exteriors, situated on golf courses, designed by golf professionals. Sound like a typical wealthy American home buyer?
Nope. It’s their affluent counterparts in China, who are plowing their rapidly accumulating wealth into Western-style mansions. “We assumed they would want houses with an Eastern influence,” says [...]
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There doesn’t seem to be any end in sight for the slumping housing market. August existing home sales fell for the sixth straight month, to their lowest level in five years. The inventory glut has reached all-time high of 4.58 million homes. Full article
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Time after time, whenever there’s some sort of disaster, we Americans look to our government for help. Whether a hurricane, earthquake or raging fire happens, the government is often there to help. After the housing collapse, they’re finally stepping in to help, but is the talk too late? Full article
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