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Thread: Chinese Real Estate Biggest Bubble in History

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    Default Chinese Real Estate Biggest Bubble in History

    Says Wang Jianlin, one of China's richest men. This guy is sharp as fuck, a former PLA soldier and made his fortune in real estate development. Now he is switching quickly to the entertainment fields, pouring in billions. He knows China's real estate is a huge bubble and the burst will be disastrous. I totally agree, it is a huge bubble.

    http://money.cnn.com/2016/09/28/inve...ble/index.html

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    by the way i read that chinese people in vancouver are buying by ten appartments at a time. they do not even read the description, nor looking at photos and they just buy whatever they can. this assets stay unused after and nobody lives at here. it is madness. thus people take money out of china in panic while creating another bubble in canada

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    They should let people only have 2 residences at most. There is no need to have prices be so wild.
    If it weren't for us you'd be speaking German. Instead, you'll be speaking Arabic.
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    Veteran Member zhaoyun's Avatar
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    Quote Originally Posted by knowledge is king View Post
    by the way i read that chinese people in vancouver are buying by ten appartments at a time. they do not even read the description, nor looking at photos and they just buy whatever they can. this assets stay unused after and nobody lives at here. it is madness. thus people take money out of china in panic while creating another bubble in canada
    Yeah, this is a well known phenomenon. They've driven up the Vancouver real estate market to crazy heights. Vancouver doesn't even have a very strong local economy to support such prices so it's very unnatural.

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    I've been reading about this bubble, I honestly think this and the US market crash coming will plunge the world into depression. The US market crash will pop this bubble and then holy fuck all.

    The US stock market is about to blow, should be before the end of the year. Get ready, because it IS going to happen.

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    Veteran Member zhaoyun's Avatar
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    Quote Originally Posted by BeerBaron View Post
    I've been reading about this bubble, I honestly think this and the US market crash coming will plunge the world into depression. The US market crash will pop this bubble and then holy fuck all.

    The US stock market is about to blow, should be before the end of the year. Get ready, because it IS going to happen.
    I don't think the US real estate market will be crashing again, because the rise this time is not based on the predatory lending that we had in the past. It will most likely level off somewhere though.

    In China, I think the huge bubbles are localized. Like the US, it is a huge country, so some markets are definitely bubbles, some are not. The difference between China's real estate bubbles and the US's of the mid 2000s, is that in China you need to put down huge down payments, usually 40% or more. So most of the properties, even the empty ones purchased by speculators have a lot of cash equity in them. That will likely forestall a wave of foreclosures like what happened in the US. But I do think there is a huge bubble in many cities and when it bursts, it will hurt investors there.

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    This has been predicted for a while, it should be about to burst in 2017/18

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