-vacant-properties-in-china

Quote from moonlightxpress:

vacant and unsold are two different things...they may be vacant, but its bought already..i am in asia now, believe me, the chinese got cash out of their asses, better than to put in banks and i dont see a bubble anytime soon..chinese people only buy when they can afford, unlike us in america...
More...

who will fill these empty properties, ever? china population is in decline.

seen ghost towns full of new houses before in spain/greece. and it turn out bad.
 
Quote from sumfuka:

Although RE prices in China seemed to be in a bubble territory, this article got it all wrong. Too much generalizations and assumptions. If there aren't enough buyers for properties, the developers won't build too much buildings.
More...

perhaps that notion belongs in a Capitalist, or Socialist, or Liberal economy,

China, still being Communist, although adopting significant capitalist tendencies, is and remans a Second World country.....

in Economics, the formal term is they are a Demand Economy,

simply put, those in significant party control demand, and then it becomes both law and reality,

China demanded and now they have over 100 cities with over 1,000,000 citizens, whether they moved by force, coercion, opportunity or whatever, their population shift towards a market based or market influenced economy is the envy of the world, as well as other countries economies....
 
Quote from limitdown:

perhaps that notion belongs in a Capitalist, or Socialist, or Liberal economy,

China, still being Communist, although adopting significant capitalist tendencies, is and remans a Second World country.....

in Economics, the formal term is they are a Demand Economy,

simply put, those in significant party control demand, and then it becomes both law and reality,

China demanded and now they have over 100 cities with over 1,000,000 citizens, whether they moved by force, coercion, opportunity or whatever, their population shift towards a market based or market influenced economy is the envy of the world, as well as other countries economies....
More...

I agree.

The trend is up in China's real estate, so why go against it? Furthermore I still have not heard of any financial derivatives covering most of the cost of these projects, so I have to assume they do not exist. Yet the developer's are buying land like crazy and the second they put on the market, buyers gobble it up like algo's hitting your stops.
That is why I said the article 'could' be a little misleading. But all the dodo birds will take it for the gospel. Whatever...... :)
 
Anyone named "sumfuka" can say anything real stupid and come off looking as cool as ice :p

Quote from Halal Burger:

You win the award for the dumbest thing said this week.
More...
 
:)

Just want to give a SHOUTOUT to all the traders there is in this forum. I think we are all going to make it this year. If you know what you are doing the best market days are ahead of you!

GL and Happy Holidays :cool:

:D
 
One thing people must remember about China is it's ruled by politicians and THEY ALWAYS FUCK IT UP.

That's all you need to know.

Timing of the bust will of course be hard but believe me China is heading for one big crash sometime over the next few years.

Communist or capitalist politicians, it doesn't matter, they ALWAYS FUCK IT UP.
 
You must log in or register to reply here.
Back
Top