You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
if china floats the yuan
- Thread starter steeldust
- Start date
A number of countries don't let foreigners buy real estate. India does not allow it. Mexico used to make US nationals buy through a local corporation (maybe still the case?). Canada did not make it easy, I think I remember (maybe someone can confirm that).
It would be awesome if China allowed US nationals to buy real estate, but that does not seem in keeping with their governmental policies of controlling things like currencies.
It would be awesome if China allowed US nationals to buy real estate, but that does not seem in keeping with their governmental policies of controlling things like currencies.
http://www.npr.org/templates/story/story.php?storyId=4564448
Shanghai Real Estate Values Soar
China's government is hoping to take some air out of a ballooning property market. Real estate prices in China, and especially in the financial center Shanghai, have recently climbed even faster than in the U.S.
http://msnbc.msn.com/id/7614290/site/newsweek/
Market Watch: Eyes On Shanghai
Shanghai Real Estate Values Soar
China's government is hoping to take some air out of a ballooning property market. Real estate prices in China, and especially in the financial center Shanghai, have recently climbed even faster than in the U.S.
http://msnbc.msn.com/id/7614290/site/newsweek/
Market Watch: Eyes On Shanghai
Quote from TGM:
I have heard real estate has been bid out of sight in some parts of China?? Do you have any numbers? I would imagine realestate there would be a great long term investment ---especially if you get a panic over something happens to buy on the cheap. China will see a panic or hard times or something to create a buying oppty and I plan buying when it occurs---specially equities.
Quote from Retired:
http://www.npr.org/templates/story/story.php?storyId=4564448
Shanghai Real Estate Values Soar
China's government is hoping to take some air out of a ballooning property market. Real estate prices in China, and especially in the financial center Shanghai, have recently climbed even faster than in the U.S.
http://msnbc.msn.com/id/7614290/site/newsweek/
Market Watch: Eyes On Shanghai
Thanks good info---as I suspected a BUBBLE. Who knows when it it going to pop tho. Buying Realestate in Shanghai or Beijing over this next decade will IMO be like going back in time and buying realestate in Manhattan 100 years ago.
Quote from range:
A number of countries don't let foreigners buy real estate. India does not allow it. Mexico used to make US nationals buy through a local corporation (maybe still the case?). Canada did not make it easy, I think I remember (maybe someone can confirm that).
It would be awesome if China allowed US nationals to buy real estate, but that does not seem in keeping with their governmental policies of controlling things like currencies.
I think they let you buy real estate. I believe you can even apply for a green card if you buy a house, but i got most of my information from overseas chineses. It might be different for regular foreigner.
You can still apply for a green card regardless of where you are from if you qualify. See link:
http://www.chinatoday.com.cn/English/e2005/e200501/p28.htm
If you get a green card then you can buy real estate.
they just test the water:
http://news.yahoo.com/s/ft/20050429/bs_ft/e6f0b804b8b411d9bfeb00000e2511c8
My source told me they will float the yuan later this year or early next year. Will it go up? I doubt it. The whole world is expecting it to go up. Last time I checked, when everybody is bullish, it is usually the best time to short.
http://news.yahoo.com/s/ft/20050429/bs_ft/e6f0b804b8b411d9bfeb00000e2511c8
My source told me they will float the yuan later this year or early next year. Will it go up? I doubt it. The whole world is expecting it to go up. Last time I checked, when everybody is bullish, it is usually the best time to short.
Quote from TGM:
Thanks good info---as I suspected a BUBBLE. Who knows when it it going to pop tho. Buying Realestate in Shanghai or Beijing over this next decade will IMO be like going back in time and buying realestate in Manhattan 100 years ago.
More like buying Manhattan real estate in 1928*
John