The best in arts & entertainment, news, pop culture, and your mom since 2002.

[Total: 14    Average: 3.3/5]
9 Comments - View/Add
Hits: 4819
Rating: 3.3
Date: 03/17/13 08:53 AM

9 Responses to China`s Own Real Estate Bubble Is About To Burst

  1. Profile photo of Pooptart19
    Pooptart19 Male 18-29
    2441 posts
    March 17, 2013 at 8:53 am
    Link: China`s Own Real Estate Bubble Is About To Burst - China has funneled billions into housing development as investors thought prices would always go up. Sound familiar?
  2. Profile photo of Andrew155
    Andrew155 Male 18-29
    2579 posts
    March 17, 2013 at 9:31 am
    A lot of people like Gordon Chang have been predicting the collapse of China for a while. This sort of neo-central planning model usually is good in the short term, but runs into compounding inefficiencies in the long term.

    But now that BRIC seems to be imploding, and the West is stagnating, there really is no one to pick up the pace.
  3. Profile photo of HolyGod
    HolyGod Male 30-39
    6904 posts
    March 17, 2013 at 10:21 am
    This is one of the reasons I`m always amazed when people say stupid things like "China is going to own the US". A huge portion of China`s economy is a facade. They have government run industry with no competition or accountability.
  4. Profile photo of Webz
    Webz Male 18-29
    542 posts
    March 17, 2013 at 11:02 am
    This is pretty much exactly what happened in Ireland but on a much bigger scale.

    So should we cheer because China isn`t going to take over the world after all or should we be very scared that another major economy is about to implode?
  5. Profile photo of richanddead
    richanddead Male 18-29
    3511 posts
    March 17, 2013 at 1:39 pm
    China has right now about 64 million vacant apartments and homes. The American housing bubble was at it`s worst around 560,000 unsold new homes. Yet this is not uncommon, many countries are having similar issues with their housing bubbles. Spain is probably #2 with 700,000 unsold homes. And is offering residency to anyone buying a home worth more than $130,000 euros in an effort to save its housing market.
    Ireland, Britian, Argentina, the Netherlands, Italy, Canada, Germany, Portugal, New Zealand, ect. These are just a fraction of the countries around the world that presently have their own housing bubbles. Yet since 2007 most are presently attempting to maneuver out of them. Still, I would not be so eager to see this or any housing bubble pop, as we learned from the American housing bubble, if even one pops it has global consequences.

    In my own view, I fear this, such wide spread economic instability has historically been the precursor to massive wars.
  6. Profile photo of Draculya
    Draculya Male 40-49
    14652 posts
    March 17, 2013 at 9:38 pm
    People have been waiting for this since before Gordon G. Chang wrote his economic bestseller: "The Coming Collapse of China" in 2001. You can get old and bankrupt waiting for the fallout, because China has a government that can effectively set policy and legislate.

    If/when it comes, I wouldn`t gloat; The Chinese economy was and remains all that separates the recession from the New Great Depression. America won`t escape unscathed. If the Dollar strengthens against the Yuan, the trade deficit will worsen. If China pulls back foreign investments, US jobs and liquidity will evaporate. Europe will not be spared, nor will Africa, the middle east, the rest of Asia. Not even China`s nemesis: Japan.

    Personally, I am cashed up and waiting for an opportunity. But I won`t be buying American, I will buy in China on weakness. It still has more potential.
  7. Profile photo of thenedman
    thenedman Male 18-29
    294 posts
    March 18, 2013 at 2:25 am
    Ever since last summer when I went and worked in China for the Summer I have been saying this.

    The company I worked for was one of the largest construction companies in China and it was easily the least efficient company I have ever seen. Even the Chinese guys who had worked at British and American companies agreed with me.
  8. Profile photo of fancythat
    fancythat Male 30-39
    1950 posts
    March 18, 2013 at 7:52 am
    This news story might as well be 2 years old.
  9. Profile photo of McGovern1981
    McGovern1981 Male 30-39
    14268 posts
    March 18, 2013 at 8:00 am
    But I won`t be buying American, I will buy in China on weakness.

    Have fun with that! If you`re talking real estate weakness is more than just in the market. Ever work with chinese steel I wouldn`t set foot in a structure made with it.

Leave a Reply