Posted on 10/10/2021 4:10:27 PM PDT by blam
Question is how the collapse will affect Us investment and liquidity. We have been selling bonds to China and the money may not be there,
The ludicrous real estate prices prices here might be being prompted by Chinese investors pulling their money out of China and putting it in real estate in the US is a safe harbor.
Anyone who invested in China deserves everything that happens to them.
L
“Alas, it’s going to be far, far worse because in a reflexive toxic spiral, one property values fall, the entire property sector will collapse, leading to an epic bursting of a housing bubble that is order of magnitude greater than the US housing market was in 2007/2008.”
I wonder if China wrote similar articles about the USA in 2006-7. The guy who was first to predict the housing crash of 2007 did so in about 1992. He has since lost his mojo entirely as of the last time I saw him. Harry S. Dent. He was also the first to predict mortgage rates at 4%. Everybody laughed at that too.
And yet, here we are, 14 years after the great crash, and homeowner equity is at a record high. Cash in hand is very high too. We have a housing shortage in general. So there are many crosscurrents. It’s fun working at navigating them.
It’s Xi’s common poverty drive. A key feature of communism.
Reporter: Over Evergrande?
Xi: I don't think I'll ever be over Evergrande.
Bookmark for future reference.
My son was bidding on two houses in Redondo Beach and he said that he was out bid by 'Chinese money'.
bkmk
Agree. Not much difference between “Investors in China” than Johnathan Toebbe.
Both hate their country.
The amount of sabre rattling coming out of Beijing is a pretty good indicator that their economy is in serious trouble. They are in need of a conquest to rally their sheeple into ignoring the failures of the Party.
As China goes, so do DemocRATs. Considering that they never will have a new idea, they can only copy. And they will copy from their heroes: Marx, Russia, China, and Venezuela.
Remember, failure is as DemocRATs do.
Always.
Forever.
And a day.
Much safer than China. When Chinese buy property in China, they don't own the land - the land belongs to the Chinese government. And, the property has many strings attached including a time intervals. At any time, the government can seize the property.
Not that can't happen here in the USA, just more severe in China.
May it FAIL and take Pelosi with it.
The useful idiots will get played.
I agree.
We’re living in “interesting times.”
Very informative article. Thanks for posting!
China still has one advantage over our regulators and politburo. The Chinese government can just imprison, enslave, and kill their inconvenient serfs. Biden is working hard to bring that here but the Chinese can still do it to save face.
Why would collapse of Chinese market be bad for the US?
Let them go down!
And all these who put money in China, too bad.
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