The Bigger Picture - Chinese Mother Buys $6.5 Million Condo

 for 2-Year-Old Daughter

Talk about preparing for the future.  A Chinese woman reportedly bought a $6.5 million Manhattan condo for her daughter – who is now 2 years old – according to China's state TV, CCTV.

The lucky toddler’s new condo is in the Park Hyatt-managed One57 tower, currently under construction.

The building, at 157 W. 57th Street, will be one of New York's tallest skyscrapers when finished in 2013 at a height of 1,004 feet.  The residences will sit atop the Park Hyatt hotel with floor-to-ceiling windows, high-end appliances and hotel amenities.  One57 made headlines last October when Hurricane Sandy caused damage to a construction crane on the building, blocking access to the street for several days.

A senior vice president at Sotheby’s International Realty, told CCTV that he helped the woman look at various apartments in the city and asked why she was buying.  “And she said, well, her daughter was going to go to Columbia, or NYU, or maybe Harvard so she needed to be in the center of the city and that was why she was picking this one particular apartment,” Brown told CCTV.  When she said her daughter was only two years old, Brown was shocked, he told CCTV.  Both Sotheby’s and Brown declined to comment about the sale.

My Comments about this article

Interesting, as Zhang Xin: China's real estate mogul, 45, is CEO of property developer SOHO China.  Zhang ranks sixth in China and 10th worldwide, with an estimated personal fortune of 15 billion yuan.

And it is a sad day in America's History of when our land, buildings are purchased by Non-American Citizens.  Zhang Xin, served as a Trustee to the China Institute in America from 2005 to 2010, and was recognized by the China Institute with the Blue Cloud Award in 2010.  Zhang Xin, went from working in a sweatshop to being a billionaire real estate developer.

China is experiencing an Economy Bubble that is about to burst.  China's real estate quandary, has built cities to rival Manhattan, only no one lives in them, and the Chinese citizens cannot afford to live in these Cities.  And some preexisting cities are being moved/torn down to make room for my Large Cities, or the expansion of Large Cities, that can hold millions of people. 

CBSNews Zhang Xin: China's real estate mogul, watch the video.  A smart Chinese investor Man or Woman, would be wise to invest outside of China for many reasons, besides the inevitable Bubble Burst, there is North Korea, Kim Jong-un, would you want to be his neighbor...and the odds North Korea could annihilate America is nil.

And in Zhang Xin own words, "Very soon America will be the only democratic police state on the planet"  Is China's Doomsday Scenario Real

Two of the Top 10 in China

Wu Yajun, 48, whose personal wealth is $6 billion, places at number one for the second year in a row.  Wu is the CEO of a company she built herself, Longfor Properties, which handles real estate and is based in Beijing.

In second place is Chen Lihua, 71, founder of Fu Hua International, a real estate company. Her personal wealth is estimated at $5.4 billion. 

To put it in perspective, American real estate moguls Conrad Hilton and Donald Trump are valued at about $2 billion each, half of second-ranked Chen.

Continuing with My Thoughts "The Bigger Picture"

Do other investors from other Nations investing in America help our economy, or is our Nation taken over little by little, ending up as China is today...population growth you can go up in structures, but you also need land mass, and if China with over 1.3 Billion people and America with 312.8 million people...Is There Room, as America has 2,379,400,205  acres, China has 2,371,460,462, however China has 138 people per 247 acre's, and the USA, only has 31.

I am not saying all of China will cross the Pacific for new land, are they buying in Russia, sure they are, as China needs to feed its people, so they need farm land as well.  But then look at what the Earth's population is doing to our Air Quality, upper atmospheres, and as they become thinner, all the more easier for Asteroids, Meteorites and Space Debris to come raining down on us...and if it could wipe out the Dinosaurs millions of years ago...it surely can now.

Recently a meteor traveling 40,000 mph slammed into Russia near Chelyabinsk...sure 1200 plus people were injured, however no one saw it coming...and with all of the eyes toward the sky, astronomers, radar systems, satellites, land & air security defenses...they are now looking to space more, needing more Satellites to track all Meteors, Asteroids, Space Debris...at present Space Administrations are only tracking Larger Meteors and Asteroids.

In the wake of last month's meteor strike in Russia and a close asteroid flyby on the same day, members of Congress asked NASA, White House and Air Force officials what they're doing to combat the threat of near-Earth...the reply "experts stressed that the two space rock events were a coincidence and that the chance of a catastrophic asteroid impact to Earth any time soon is remote."

I am not crazy about the remote possibility...Early Detection & Defense is needed.

So do we need to get off this planet and why we are headed towards Mars, if so...when and who gets to go first is another Question.