brker_guy Posted March 4, 2013 Share Posted March 4, 2013 Don't know if you all saw this tonight on 60 Minutes: http://www.cbsnews.com/video/watch/?id=50142079n Link to comment Share on other sites More sharing options...
Guest valueInv Posted March 4, 2013 Share Posted March 4, 2013 Even more insane: http://www.nytimes.com/2013/03/03/world/asia/new-delhi-bungalows-even-in-disrepair-command-millions.html Link to comment Share on other sites More sharing options...
Shawn Posted March 4, 2013 Share Posted March 4, 2013 Fascinating.... So that's Canada, South America (Brazil), Australia, New Delhi and China..... And so I will sit piling on cash for when the inevitable happens...... Link to comment Share on other sites More sharing options...
Shawn Posted March 4, 2013 Share Posted March 4, 2013 btw how do the rest of you guys feel about areas like Australia, Brazil & Canada's real estate markets ? Link to comment Share on other sites More sharing options...
BargainValueHunter Posted March 4, 2013 Share Posted March 4, 2013 I've been hearing about China's RE bubble for three years now. http://www.coverjunkie.com/uploads/1319155062.jpg But I've also heard the theory that since a large part of each retail real estate purchase is made with cash (instead of good ol' American style no money down, interest only, blah, blah blah...) there really is no bubble. http://www.cbsnews.com/video/watch/?id=50142079n What do you think? Link to comment Share on other sites More sharing options...
Parsad Posted March 4, 2013 Share Posted March 4, 2013 Prices have risen dramatically and are above 30 times the average annual income. They have no real alternative to invest their new found money, so it goes into real estate. But it only goes there as long as prices are flat or rising. As soon as prices start to drop, you will see money stop flowing...it's a self-fullfilling cycle...always ends in a bust whether it is in 3 years or 10 years. The developers are already extremely overleveraged and have shut down so many developments. I think China is the greatest real estate bubble in history! Cheers! Link to comment Share on other sites More sharing options...
BargainValueHunter Posted March 4, 2013 Share Posted March 4, 2013 Prices have risen dramatically and are above 30 times the average annual income. They have no real alternative to invest their new found money, so it goes into real estate. But it only goes there as long as prices are flat or rising. As soon as prices start to drop, you will see money stop flowing...it's a self-fullfilling cycle...always ends in a bust whether it is in 3 years or 10 years. The developers are already extremely overleveraged and have shut down so many developments. I think China is the greatest real estate bubble in history! Cheers! So the "value" seems to be in being short the bubble. Is there a doctor in the house? ;) http://www.entmoney.com/wp-content/uploads/2011/07/wall-street-profiteers1.jpeg Link to comment Share on other sites More sharing options...
kilroy04 Posted December 19, 2014 Share Posted December 19, 2014 Something is happening...... http://www.nytimes.com/2014/12/19/business/international/in-china-housing-market-pressure-to-sell-hesitation-to-buy.html?ref=business Prices for newly constructed housing fell 1 percent to 9 percent in recent months in all 70 mainland cities tracked by the national government, according to data released Thursday. Prices kept falling in November compared with October in all but three cities, where they were unchanged. Yet real estate developers’ inventories of unsold apartments now equal 12 to 18 months’ worth of sales in China’s biggest cities, like Beijing and Shanghai, according to Haitong Securities, a big Chinese brokerage firm and investment bank. The industry considers six months’ worth of inventory to be healthy. While the property market is under pressure, a crisis does not appear imminent. State-owned banks are reluctant to foreclose on borrowers in arrears, and few buyers are forced to sell at a loss. Anne Stevenson Yang's latest interview. She was at last years FFH AGM http://online.barrons.com/articles/anne-stevenson-yang-why-xi-jinpings-troubles-and-chinas-could-get-worse-1417846773 We track the 400 Chinese consumer companies listed on the Shanghai and Shenzhen stock markets, and in the third quarter, their gross revenues fell 4% from a year ago. This is hardly a vibrant economy. Also says 50 million units owned but empty Link to comment Share on other sites More sharing options...
kilroy04 Posted December 30, 2014 Share Posted December 30, 2014 More China http://dealbook.nytimes.com/2014/12/29/seeking-to-ride-on-chinas-stock-market-highs/?hp&action=click&pgtype=Homepage&module=second-column-region®ion=top-news&WT.nav=top-news&_r=0 “Almost everyone I know is investing, so I think I should be investing, too,” said Mr. Kuang, 51. “The index has been rising this year,” he added. But his own stock portfolio’s performance, he said, was essentially flat. China has been grappling with a slowing economy, falling property prices and increasingly tight financing conditions. But the country’s stock markets have been surging, thanks in large part to regular investors like Mr. Kuang. Link to comment Share on other sites More sharing options...
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