China’s Country Garden Sells Stock to Pay Debts
Country Garden is teetering on the brink of default with $190 billion in debt, in a sign of the country’s rapidly spreading real estate crisis.
Posted inComputers and the Internet High Net Worth Individuals Land Use Policies Military Bases and Installations Real Estate (Commercial) Real Estate and Housing (Residential) Solano County (Calif) Travis Air Force Base (Calif)
A California Land Mystery Is Solved. Now the Political Fight Begins.
Tech industry investors spent roughly $900 million buying land to build a dream city in a rural part of the Bay Area. It could be years, though, before they can do anything with it.
Posted inChina China Evergrande Group chinese economy Country Garden Foreign Investments Real Estate (Commercial) Real Estate and Housing (Residential) Regulation and Deregulation of Industry Small Business Wages and Salaries
China’s Property Crisis Is Rippling Through the Economy
As a real estate meltdown ripples through the economy, small businesses and workers are owed hundreds of billions of dollars, and new projects have dried up.
Posted inInflation (Economics) Interest Rates Mortgage-Backed Securities Mortgages Real Estate and Housing (Residential) United States Economy
Why Are Mortgage Rates So High, and How Long Will They Stay Up?
Economists say loan rates are affected by a complicated combination of factors, but there are tactics consumers can use to land a lower rate.