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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (14156)	10/5/2003 11:07:28 AM
From: John Chen	Read Replies (1) \| Respond to of 306849

Darfot,re:"Lending in China ..worries". Finally, there is a glimer of hope for USA to set a model in there. I can see the 'lawyers' (bankruptcy, divorce specialization) the next big things to move in. Liu Yijun, you're on your way to prosperity (rich), and don't worry to have to pay back. Get yourself a good lawyer.

To: Wyätt Gwyön who wrote (14156)	10/5/2003 2:29:03 PM
From: Elroy Jetson	Respond to of 306849

The tidal wave of money being created by the US and Japan central banks has caught-up a number of other innocent nations in their prop-wash. China is one such nation, as pointed out in your post. Last month they sharply restricted lending to real estate to try to avoid the real estate bubble developing elsewhere. Australia has already developed a bubble and is trying to position themselves for the aftermath. Two weeks ago the Australian government introduced requirements which require Homeowner's Associations to immediately fund savings accounts to pay for future estimated maintenance such as roof replacement. High rises on way for upkeep of apartments High-rise flat owners will be required to set aside substantial funds for repairs over 10 years under changes to strata management laws being considered by the State Government. Sydney Morning Herald September 27, 2003 They hope to both damp down the demand for Stratas (Condo projects) among "investor buyers" as well as assure that the buildings remain well-maintained at a future time when the market value of each unit is less than the owner's mortgage. The reality is that the only currency controls would be effective to protect a bystander nation from the monetary inflation being created by Japan and the US the devalue their over-indebtedness. Unfortunately currency controls have a proven history of interfering with normal business activity in addition to curbing liquidity induced speculation. China is awash in easy credit, spurring a national spending and investment spree that has pessimists worried that the world's fastest-growing economy may be in danger of overheating.