House Price Crash forum: Pwoperdee Bubble Bursts In China - House Price Crash forum

Jump to content

powered by
Page 1 of 1
  • You cannot start a new topic
  • You cannot reply to this topic

Pwoperdee Bubble Bursts In China The magic of HPI fails to work in China Rate Topic: -----

#1 User is offline   Kurt Barlow 

  • I live on HPC!
  • PipPipPipPipPipPipPip
  • Group: Members
  • Posts: 12,116
  • Joined: 11-September 07

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 User is offline   easy2012 

  • HPC Senior Veteran
  • PipPipPipPipPip
  • Group: New Members
  • Posts: 3,719
  • Joined: 14-September 05

Posted 05 March 2013 - 12:48 PM

View PostKurt Barlow, on 05 March 2013 - 12:42 PM, said:

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 User is offline   Kurt Barlow 

  • I live on HPC!
  • PipPipPipPipPipPipPip
  • Group: Members
  • Posts: 12,116
  • Joined: 11-September 07

Posted 05 March 2013 - 01:00 PM

View Posteasy2012, on 05 March 2013 - 12:48 PM, said:

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 User is offline   cashinmattress 

  • HPC Guru
  • PipPipPipPipPipPip
  • Group: Members
  • Posts: 7,426
  • Joined: 18-July 08

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.

Page 1 of 1
  • You cannot start a new topic
  • You cannot reply to this topic

1 User(s) are reading this topic
0 members, 1 guests, 0 anonymous users