That is, the speculative stock and real estate “investment” industries and Las Vegas are kept in business by the human inability to assess with reasonable accuracy what a small chance to win a large amount of money is worth. Our greed consistently causes us to pay more for chances like this than we should... displayed 300 characters
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Our greed consistently causes us to pay more for chances like this than we should. And promoters of various types have from time immemorial taken advantage of this human weakness. It is far better to be a seller of chances to invest of this type than a buyer. At least, I told him, the people in Las Vegas are upfront about how they make their money... displayed next 300 characters
These business people were looking for
rental building, which were the "hot ticket" in real estate according to Vancouver relater John Gee
The part of the city, which is attracting these buyers, is the West End of Vancouver,
where the vacancy rate is about 1%...
The appreciation of the RMB will lower prices of imported goods, thereby bringing about the decline in domestic consumer prices, and the domestic currency of the surplus will enter the real estate market...
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