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Forum Post: Chinese Housing Bubble Next?

Posted 1 year ago on March 4, 2013, 10:24 p.m. EST by OTP (-203) from Tampa, FL
This content is user submitted and not an official statement

This is hard to imagine, perhaps our poster from there could help explain.

Investment ghost towns? How much of this is from the state, and how much is foreign investment?

http://www.zerohedge.com/news/2013-03-04/chinas-housing-bubble-goes-mainstream-america

8 Comments

8 Comments


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[-] 1 points by agkaiser (1329) from Fredericksburg, TX 1 year ago

I don't care to have my attention diverted to China as investors drive American people out of the housing market and drive up rents buying foreclosed properties.

http://www.alternet.org/economy/billionaire-speculators-greed-makes-life-hard-renters-and-would-be-homebuyers

  • Billionaire Speculators' Greed Makes Life Hard For Renters and Would-Be Homebuyers

Think American first.

[-] -2 points by OTP (-203) from Tampa, FL 1 year ago

I would like to think American first, but the people have been electing globalist maniacs for decades now, and hence we are now all woven together in this banker nightmare.

Realizing what could be happening in China is just another way of understanding what will happen here, and how to prepare for it.

[-] 1 points by agkaiser (1329) from Fredericksburg, TX 1 year ago

See the last three words and ignore what comes before.

China is a diversion from what investors do here and now!

[-] 1 points by Nader (74) 1 year ago

I just saw something on TV about those ghost towns. Pretty creepy. I think a lot of it was built by the state as a way to keep the economy growing. It may end up having the opposite effect by creating such a surplus of housing that the bottom of the market falls out.

I too would be interested in what the poster from China knows about this.

[-] 1 points by alterorabolish1 (569) 1 year ago

On 60 minutes last night they said that a middle class of Chinese had very few choices for investing and didn't trust the stock market. They were allowed to invest in real estate projects and 3 generations of these people's savings were mostly in residential housing, places they couldn't possibly afford to live.

Everyone on the show agreed that it was a "bubble". There were brand new condo towers and malls stretching for miles with not a single person in any of them. I assume insiders are now getting in position to get rich when the "bubble" bursts, but how significant will it be to the world?

[-] -2 points by engineer4 (352) 1 year ago

I watched the 60 minutes episode last night. Fascinating. Complete cities empty, brand new buildings empty. Incredible video. All due to a system where the people went for the fast gain. hard lessons are about to be learned in china. A large percentage of the money is from the state, trying to keep it all going. But the smart ones will not panic and sell, but hold through the collapse and come back on the return. But how many are smart enough to control the bursting of the bubble by that control. It is the las Vegas housing market on super steroids. Anxious for Arturo to comment on this.

[-] -2 points by gnomunny (6885) from St Louis, MO 1 year ago

That's an amazing coincidence, hc. I was just looking at pictures of those about two hours ago. It's bizarre:

http://www.businessinsider.com/china-ghost-cities-2011-11#chinas-most-famous-ghost-city-on-the-outskirts-of-ordos-has-been-empty-for-years-1

[-] -2 points by TimetoStop (-55) 1 year ago

Bullshit.