Expect A Dip In genuine Estate In December
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In the year 2000, for example, the U.S. CPI was 1.71. This means that when comparing prices for similar products, they were 71% higher in 2000 than they were in the time period 1982-1984.
As time moved on, people in China used another form of Chinese characters named seal characters. Certainly this kind of form had been created before. You must know Confucius. It was in his period that this form had been widely used. We call this period Spring and Autumn and Warring States. Indeed people in Qin Dynasty still used this language written form. Yes, they inscribed them on bamboo slips as well.
top blog posting sites make Blog Few people alive today were adults when the Great Depression gripped this country and the world. The dark winds blew in on an October day in 1929 -- Black Tuesday-- when the big party of the 1920's ended. There had been a bubble then, too. New technologies (radio and telephone) were riding an upward crest of use and investment. Housing speculation and land speculation was happening in a number of places -- Hello Miami Beach. The stock market went only up during the 1920's, because everybody, including the elevator operator, bought on margin. When the buyers ran out, the brokers called in the the chips, and some speculators dived out of windows.
No less worrisome have been the several announcements by China that it is making fiscal and regulatory moves to deliberately cool off its overheated economy, on which many countries have been pinning their hopes for continued export sales.
After these acts were passed it was only a question of time until the stars aligned correctly for the volcano to erupt. In 1980, congress passed the DIDMCA Act. Prior to this time, it was illegal to charge less credit worthy customers a higher rate of interest on their mortgage. Then in 1982, congress passed the AMPT Act, which allowed adjustable rate mortgages or ARMs for the first time. Prior to this act adjustable rate mortgages had been illegal.
Credit availability and the terms for which it can be had have tightened and risk aversion has accelerated over the last month. This will continue. Lending standards are reverting to pre-best site To blog on levels. LTV on many mortgages will hit 80/20 again which will require large cash down on home purchases. These conditions are going to lock many people out of buying or even refinancing. A consumer's debt to income and credit history is going to come into play more and more. I spoke with a realtor in Arizona a few weeks ago that had 9 escrows in the pipeline that all came back unfunded due to the recent tightening.
Several years ago, some businessmen promoted Ma Huang as a weight-loss herb to make pills without understanding its potency. It resulted in a number of fatalities, causing Ma Huang to be banned in the US market. Ma Huang was once rumored to be good for weight loss. On the other hand, the herbal dictionary says it is good for asthma and congestion. The weight loss effect has been fabricated just for profit.
China's blog top sites for the fourth quarter of 2012 was 7.9%YoY, higher than the Bloomberg median estimate of 7.8%YoY and 7.4%YoY growth witnessed in the third quarter of the year. The growth in GDP for the full year stands at 7.8%YoY. Industrial output rose 10 best fashion blogs.3%YoY in December, compared with 10 best fashion blogs.1%YoY in the previous month. This is the best data since March 2012, during which industrial production went up by 11.9%YoY. The growth in industrial output in 2012 is 10 best fashion blogs%YoY.
So, why is this editorial called Chinese Paper Torture? Simple: Chinese governments have gone down this path many times before, declaring paper 'chits' to be money while gathering Silver... the real money of China for ages... into the current emperor's vault. This theft inevitably led to war and destruction, to the fall of dynasties. This destructive scenario played out so often throughout china history that the Chinese passed laws outlawing the use of paper money altogether.
Now that the bubble has burst and loans are much tighter things have changed. Household values aren't skyrocketing. In some cases they're actually going down and that's why some everyday people are getting screwed so badly. If the only thing you care about is investment (and I recognize that most of the people aren't only looking to invest when they buy a household) then you should seriously considering staying in a rental.
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