What do we owe China?
http://www.portfolio.com/news-markets/national-news
2007-10-20 09:35:03 · 8 answers · asked by Moody Red 6 in Politics & Government ➔ Politics
Michael: I thought the same thing, I thought this was tongue in cheek until I read the about the money!
2007-10-20 10:46:19 · update #1
The ONLY way I can imagine China "helping" the U.S. with the housing market would be to BUY UP the properties that are on the market due to "bankrupt" homeowners.
China can use the money we send them to buy up American real estate while the housing market is in crisis. Then sell it back to us when the prices re-surge after the crisis passes.
That MAY help shorten the duration of the crisis and help kick our economy back to where it should be. A smart investment on the part of China. When we are more profitable, we will buy even MORE from them.
That real estate investment is a fast and easy profit for them, financed by us Americans who buy their toxic and dangerous products.
In addition, real estate is FAR more expensive in China than it is here in the U.S.A. Even if they don't resell the property, they will have bought real estate that is cheap! They will own even MORE of America.
2007-10-20 10:14:55 · answer #1 · answered by Philip H 7 · 2⤊ 0⤋
The U.S. housing market is booming? And China's responsible?
As the old saying goes, with friends like that...
2007-10-20 09:38:53 · answer #2 · answered by curtisports2 7 · 2⤊ 0⤋
Your link wasn't to a specific article.
I don;t know how China would keep the housing market booming. I don't know of a connection.
I can tell you that since the worlds economy isn't as dependent on the US economy the housing slump wont be a severe drag on our economy as we had seen in the past.
2007-10-20 09:53:27 · answer #3 · answered by Anonymous · 2⤊ 1⤋
Meanwhile, China is not able to keep up with it's own job creation problems. They already have about 150 million people who are considered "migratory" (one step up from homeless), and their unemployment is creeping upward.
That golden economy of theirs is likely to be crushed under the weight of the needs of 1.5 billion people in the next ten years.
2007-10-20 10:00:01 · answer #4 · answered by Anonymous · 2⤊ 0⤋
What booming housing market?
2007-10-20 09:48:15 · answer #5 · answered by Anonymous · 1⤊ 0⤋
They buy up the blocks of dept and this will soon stop as there economy is getting better with the people there. Than our bottom will drop out from this.
2007-10-20 15:45:26 · answer #6 · answered by Anonymous · 1⤊ 0⤋
The housing market's in the crapper and we are indentured servants to the Chinese.
2007-10-20 09:52:33 · answer #7 · answered by Zardoz 7 · 3⤊ 0⤋
Housing market is on it's ***!! Where do you live?
2007-10-20 09:41:33 · answer #8 · answered by Anonymous · 1⤊ 0⤋