The Local Outsider

Since I arrived here, two months ago, I am constantly checking the real estate market, as my belief is that we are currently experiencing an historic opportunity to buy dirt-cheap real estate in America. Adiel Gorel, who is also mentioned in my previous post about this topic has published an interesting development regarding the [...]

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Having not long ago relocated to California from China, I began to look into the US real estate market which shows signs of recovery. Here is some rough data about the current market:
1. Number of US homes with negative equity is stunning:
2. Q3 2008 foreclosure filing surge 71% YoY:
3. The Chinese are coming to [...]

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