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Old Aug 5, 2011 | 1:24 pm
  #150  
moondog
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Originally Posted by jiejie
I can pretty confidently state that super-wealth achieved through mainland real estate was obtained with unimaginable amounts of dirty dealing and corruption. There's no "clean" honest real estate mogul in the PRC, male or female. Zippo, nada. Ugly business. I can't speak for other industries.
While I'd be a fool to disagree with you in the general sense, you must realize that land in secondary/tertiary cities was worth next to nothing ~5 years ago. I wanted to grab that stuff, but couldn't because none of the big banks were willing to take on the risk... at least, I have some profitable properties in Tibet
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