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First one is short term, what we are seeing now.
Second one is long term which JT is saying will happen.
Just like what he said in his first paragraph. The more desparate people are to get their money out of China, they more they will over pay for RE which will drive our prices higher.
Long run, taps are turned off and these people leave China and come to live in Canada so they sell off their extra homes for cash to spend when they live in here.
Worst is they owe money in China and need to sell off their RE's to pay back debt.
Keep in mind, the Chinese people feel the way they do because they felt it during the Cultural Revolution when rich people lost a lot of their money to the government and we all know things tend to repeat itself.
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Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off.
Originally posted by The7even SumAznGuy > Billboa
Originally posted by 1990TSI SumAznGuy> Internet > tinytrix
Quote:
Originally Posted by tofu1413
and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all.
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(11-0-0) Buy/Sell rating
Christine
Shitvic
Pull Out Towing
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