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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (25944)3/18/2005 4:05:28 PM
From: RealMuLan  Read Replies (1) | Respond to of 116555
 
The housing loan in China now temporarily set at 6.12%, officially started from March 17th. This raise will force those who buy housing as an investment to think twice, since the return and the risk is not that cost effective.

And down payment is at 30% now, and some banks are thinking to raise to 40%



To: RealMuLan who wrote (25944)3/18/2005 4:07:37 PM
From: regli  Read Replies (1) | Respond to of 116555
 
"I read plenty of people here on SI said that. Apparently, many Asian CBs disagree<g>"

Yiwu, the question will be which one of a set of difficult options they will choose. There are no pain free solutions and maintaining the status quo will result in an even more painful resolution as Roubini nicely documented in his China blog.


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