Author Topic: Ghost Cities: Gargantuan Chinese Real Estate Bubble  (Read 5059 times)

Offline QwazyWabbit

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Re: Ghost Cities: Gargantuan Chinese Real Estate Bubble
« Reply #15 on: August 07, 2014, 08:28:43 AM »
I was last in China in 2005. In every city we visited there was development like this going on. Each tour guide quoted statistics about the cost of living and the cost of housing in that city as if higher cost was something to be proud of.

Chinese central planners have set growth goals for the economy and those targets supersede all others. They regulate their GDP the way the US Fed regulates inflation. The way you ensure a GDP is to build infrastructure and manufacture goods. But where is the demand? Where is the customer?

They also resist any attempt to get the Yuan to float. In 2005 the Yuan was 8:1 against the US dollar, today it's 6.162:1.

Offline yahoo

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Re: Ghost Cities: Gargantuan Chinese Real Estate Bubble
« Reply #16 on: August 07, 2014, 03:37:37 PM »
What if fueling the Chinese government in funding the infra development and spending is the huge reserves that they had accumulated for decades. However, basic business principle dictates that there should also be returns for your investments. These infrastructure depreciates.

I do see that they can still sustain these sort of spending for years until the reserves dries up.

Unless their economic policy and practice would changes, they would reach the end of the line and its gonna be a big shitstorm.
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Offline QwazyWabbit

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Re: Ghost Cities: Gargantuan Chinese Real Estate Bubble
« Reply #17 on: August 18, 2014, 07:41:03 PM »
The government won't let people invest outside the country so they can't invest in foreign stocks and bonds. Therefore they invest in real estate without occupying those properties, hence you have cities that are ghost towns simply because people have paid for the condos or properties they will never occupy. Result: bubble that will implode because after you've bought your 5th or 6th condo there will be no more buyers and the construction will cease creating joblessness just like it did in 2008 in the U.S. and Europe.
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Offline yahoo

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Re: Ghost Cities: Gargantuan Chinese Real Estate Bubble
« Reply #18 on: August 19, 2014, 02:03:32 AM »
there are also commercial complex that are unoccupied.

http://edition.cnn.com/2013/03/03/business/china-worlds-largest-mall/
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Offline |iR|Focalor

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Re: Ghost Cities: Gargantuan Chinese Real Estate Bubble
« Reply #19 on: December 03, 2014, 09:08:20 PM »
And here we are, believing all the propaganda about how fuckin' smart the Chinese are. Oh yeah. Geniuses. I'm sure they did things like test it and redesign it after making sure that the HEAVY BULLETPROOF GLASS HEXAGONAL COCKPIT wouldn't be so damned heavy that the vehicle would handle like a greased marble on a sheet of ice or be rollover prone from the higher center of gravity like a fuckin' minivan. ::)

https://autos.yahoo.com/news/armored-electric-chinese-police-patrol-car-words-fail-143004133.html



Fuck China.
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Offline yahoo

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Re: Ghost Cities: Gargantuan Chinese Real Estate Bubble
« Reply #20 on: December 04, 2014, 04:34:22 PM »
hmm looks like a compact car that they just welded some steel plates for cockpit. they should have stick some old ww1 plane machinegun to add some aesthetics to the design. or better they can put some hotdog or chicken mascot/statue on top of the cockpit.

The Chinese are smart? more like smart asses. in design consideration they would place cost on top of everything so they can sell cheap.
hey you gotta give them some credits for that since it worked. lots of suckers buy Chinese goods for the price. for quality (ehem) seems no one cares much.

though there are some really good Chinese made products in the market however its price is just a little bit cheaper than other good items not to mention not that popular coz its not heavily advertised.

But then again, most if not all famous and good products had components made in china so you cant really boycott Chinese products. you can blame the profit oriented corporations for this.
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Offline |iR|Focalor

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Re: Ghost Cities: Gargantuan Chinese Real Estate Bubble
« Reply #21 on: December 04, 2014, 05:32:31 PM »
Like I said. Fuck China.

Speaking of which... I don't think I've ever fucked a Chinese bitch before. Fucked a few Jap bitches at spa parlors before, but never a China woman. Hmmmm... things to do before 2015.

Speaking of fucking Jap ho's, the asian culture is one that benefits GREATLY from the whole "women should be seen and not heard" thing. Last Nip-slut I was fucking started squeaking like a fucking dog toy in the middle of it. :D SHUT UP ALREADY!
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