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China's Own Real Estate Bubble Is About To Burst

Hits: 4802 | Rating: (2.7) | Category: News & Politics | Added by: Pooptart19
Jump to: Bottom    Last Post
McGovern1981
Male, 30-39, Eastern US
 12719 Posts
Monday, March 18, 2013 8:00:02 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.

fancythat
Male, 30-39, Eastern US
 1783 Posts
Monday, March 18, 2013 7:52:23 AM
This news story might as well be 2 years old.

thenedman
Male, 18-29, Europe
 231 Posts
Monday, March 18, 2013 2:25:49 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.

Draculya
Male, 40-49, Asia
 10221 Posts
Sunday, March 17, 2013 9:38:42 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.

richanddead
Male, 18-29, Eastern US
 1548 Posts
Sunday, March 17, 2013 1:39:02 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.

Webz
Male, 18-29, Europe
 572 Posts
Sunday, March 17, 2013 11:02:52 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?

HolyGod
Male, 30-39, Western US
 4461 Posts
Sunday, March 17, 2013 10:21:42 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.

Andrew155
Male, 18-29, Eastern US
 2451 Posts
Sunday, March 17, 2013 9:31:49 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.

Pooptart19
Male, 18-29, Southern US
 2241 Posts
Sunday, March 17, 2013 8:53:21 AM
Link: China's Own Real Estate Bubble Is About To Burst [Rate Link] - China has funneled billions into housing development as investors thought prices would always go up. Sound familiar?


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