This is China ???

[Tams 20]

This is China ???

 

 

Sounds and looks like a repeat of Dubai to me.

 

 

http://us.cnn.com/video/?/video/business/2009/12/30/vause.china.the.great.bubble.cnn

 

 

http://edition.cnn.com/2009/BUSINESS/12/30/china.property.bubble/index.html

[DugDug 10]

Its not very sunny in the world!

 

Interesting as you really would have to see the make up of the buyers - my guess is that they are not going to live there - hence they are speculators - so yes another Dubai waiting to happen. However China does have about 1.3 billion more people than Dubai.

 

I was actually in an investor conference re Dubai real estate early last year 2008. They were up selling everything, people were taking notes, the mood was very upbeat about future projections, rising prices, happy customers etc; stage one complete and sold, stage 2-3 underway, all very exciting, until silly old me asked the question "how many people are buying and flipping the places?". The answer was "no body is flipping them as they dont want to take losses!". the room fell silent.

 

A rather unfortunate gaff on the promoters behalf :crap:

I felt very proud of myself. :haha:

[DugDug 10]

also noticed on Bloomberg this article - i have cut and paste it to word.

China Prop article.doc

[Tams 20]

When China real estate prices collapse,

would it be the final nail of the coffin for the World economy?

[Larry1234 10]

Please check my thread on china -

 

http://www.traderslaboratory.com/forums/market-analysis/15927-china-bubble.html