Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Seeker of Truth who wrote (29064)	2/22/2003 4:59:02 AM
From: TobagoJack	Read Replies (1) of 74559

Hi Malcolm, Isn't this neat, we are all growing up together on SI thread:0) <<"Real estate going kaboom " ... Canada will shortly raise interest rates a fourth time>> I am an accumulator of CAD, and am all in favor of monetary discipline. <<... trend you are talking about is not world wide. Do you see this, for example, in continental China?>> You are right, the real estate bubble and kaboom trend is not worldwide and I did not mean to indicate that it is. I think that all top class properties in all major cities should be about the same cost relative to each other, and now the top class residence in Shanghai is about the same as same in HK, and Beijing, etc. There seems to be an inordinate amount of top class residences in east and west coast US of A, and so either the rest of the world will catch up, or the other way around. I detect no bubble in China property; and I am familiar with bubbles:0) Chugs, Jay

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