September Update on Real Estate
Not only are the hedge funds buying CA real estate, but also the foreign investors, particularly, the Chinese, are gobbling up all the SRFs they can get their hands on. Money is no object and neither is the negative cash flow. It appears they know something we don't or is it possible they are making a mistake? Or, could this be another scheme to make billions of dollars at the expense of the middle class by manipulating the market, much like what happened in 2008?