February 26, 2009
Law of Demand At Work: Chinese Scoop Up SoCal Foreclosurers
This video is a great example of market correcting forces. A demand curve tells us when the price of a product decreases, the quantity demand increases. While housing prices, especially in California, have fallen dramatically, eventually the price decreases will attract buyers in the US... and in China
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1 comment:
I think that it is a good investment for them to come here from their country to buy homes/land. Especially the fact that the land, and housing there is twice the price. If I were in a situation where I could move to a nice location that had a decent government system, and profit from it (not neccesarilly money profit, but profit in goods) I would sieze the opprotunity.
GECO INC.
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