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Bay Country Finance - Trends
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A recent article in The New York Times has created some controversy by suggesting that wealthy borrowers were more willing to strategically default because they are “more ruthless” than the rest of us. While it is true that the default rate on 1M+ mortgages is now significantly higher than on smaller loans, the reasons why remain far from clear. And, those reasons could end up having a profound impact on real estate prices in high-end communities throughout the Bay Area and around the country. If social mood is indeed beginning to shift in high-end areas, the housing collapse may indeed be entering it’s next ...
Japan is an island destination, situated in East Asia, in the Pacific Ocean. Bounded by the Pacific Ocean to the north, the Sea of Japan to the west, and the Philippine Sea to the south, Japan is the second largest economy in the world. Japan is a developed nation, boasting of well-organized society and excellent infrastructure facilities. Apart from scores of tourist attractions, Japan boasts of a great number of high-rise buildings, multinational companies, business firms, and leading financial institutions. Perhaps for these reasons, commercial real estate in Japan is booming. Read More
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