<then one heads for Bangkok,> Yes and not. As we discussed before, house is not investment, unless one plans moving to Ecuador.
But once one decides to move to Bangkok (BKK), it has that capital immobilized in a form of brick and mortar. At a time that the only viable sanctuary is BKK, to sell the house and head to BKK, housing prices will be in the cellar of the earthworm. That will serve as a deterrent for the person to move over to BKK. And then he stays on, prices will drop more and so it goes...
The log is getting smaller. The termite needs anew log to move over. No one is adding a new room to that Victorian house so, there isn't much wood added for the termites to live in.
Lets say that HK is being of today what Firenze and Verona were for the Marco Polo times (when they lived off trade). When the Turks too over Constantinople, in 1473, blocking the way to China, the world have to wait quite a bit to go around Africa. But the Italian cities were doomed since the day the Turks took Constantinople.
If one is in log -not Rock- HK, and has read the writing on the wall, the termite has to consider moving over to the next log BKK, before forced to.
The Abracadabra, at the end of the 15th Century, was the Naval School of Sagres, There, unknown by anyone, the guys were concocting an astrolabe to discover a maritime way to the Indies.
One day they, the Portuguese, reached the South China Sea, kicked the butt of the pirates and got Macau as a present from the Chinese who were very happy to get rid of the pirates.
You see those Chinese are involved in everything!!!! But Verona and Firenze never came back... |
