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Scott Picken, IPS CEO on USA Property Market | Jan 2010 |
24 February 2010 |
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IPS CEO Scott Picken discusses his trip to the USA from a cold Times Square NYC. He'll be posting his report online at the IPS website and look under news for the USA report.
Things which we will cover, are in the USA is the Double Dip the possibility of another crash; property prices in Vegas being 70% down; the commercial market and its serious problems; or the most expensive house being $74 million in California, yet how the state is bankrupt; the fact over 90 000 USA are coming to South Africa for the world cup or that 21% are behind on payments and this could be as high as 50% by the Summer; Unemployment being the same as the Great Depression; etc
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