The looming real estate crisis in China, from 60 Minutes:
Is China Next?
by Jim the Realtor | Mar 3, 2013 | Bailout, Market Conditions, Unbelieveable | 4 comments
by Jim the Realtor | Mar 3, 2013 | Bailout, Market Conditions, Unbelieveable | 4 comments
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Three months ago newly listed condos for sale would be lucky to get 2-3 showings their first week.
Today we got ten showing requests within 3 Hours of a unit going on the market.
It's unbelievable how quickly the market can change
Is the housing market resilient to rising rates? Context matters and each rising-rate era is different. Even if rising rates persist in 2021, the context is good for the housing market. https://blog.firstam.com/economics/why-the-housing-market-can-thrive-if-a-new-rising-rate-era-begins
Could be. Chanos went short 3 years ago and predicted the collapse would happen in ’10. Maybe it’ll happen this year.
Could be??? This is a nuke on a timer, but nobody knows how many ticks are left.
At least the Chinese haven’t yet experienced a burst bubble and thus have an excuse.
I saw the program last night. I think bloggers have been talking about this for years. Building for the sake of building. The parties seem to last longer than you think.
Markets can stay irrational a lot longer than you can stay solvent!
“Markets can stay irrational a lot longer than you can stay solvent!”
Need to change your name to aboveAverageJoe cuz the avgJoe really doesnt understand this. 🙂
One of my favorite sayings.