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Pwoperdee Bubble Bursts In China


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#1 Kurt Barlow

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Posted 05 March 2013 - 12:42 PM

Not sure if this has been posted elswehere but is an interesting news item on over supply of property / property speculation in China

http://www.cbsnews.c...h/?id=50142079n

#2 easy2012

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Posted 05 March 2013 - 12:48 PM

Not sure if this has been posted elswehere but is an interesting news item on over supply of property / property speculation in China

http://www.cbsnews.c...h/?id=50142079n


CBS 60 minutes is usually pretty good.

But with that many empty units, does this mean that we can outsource our housing needs to China as well ?

#3 Kurt Barlow

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Posted 05 March 2013 - 01:00 PM

CBS 60 minutes is usually pretty good.

But with that many empty units, does this mean that we can outsource our housing needs to China as well ?



LOL

I am going to send this to a few Western Australia Properdee Bulls I know! Apparently the WA economy needs the Chinese economy to grow by at least 7%PA just for prices to stand still here.

#4 cashinmattress

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Posted 05 March 2013 - 01:08 PM

China is still a communist state, and can do whatever they want by edict.

A burst bubble means rounding up folk and sending them back to the rice paddy's.

We don't have that luxury.

60 minutes of American propaganda posing and integrity laced journalism is quite enough, and a good opportunity to have their own fat citizenry take their eyes off of the real bandits on wall street to watch poor people in China.




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