To: Amark$p who wrote (57028 ) 10/28/2009 10:56:43 PM From: TobagoJack Respond to of 217587 there is not much of a secondary mkt for housing, as long as brand spanking new of same are being built and offered even as the new ones are further out from the center of any town, but there is a secondary market, even if small, big enough to satisfy that small portion of stuff-hoarders who need liquidity - why sell when value in any given location keeps going up, and there is a leasing market also, given the urbanization truth, apartments will continue to grow in value relative to anything else, especially cash all usa truths, that which applies to usa state, cannot seriously be applied to china, as the two are at very different stage of the grand cycle of events with regard to china, think family values, education, productive diligence, cooperative dialogue, scientific planning, decades long planning horizon, true growth, genuine dynamism, honest savings, sincere fear, and very astute and united population borne of several hundred years of of very bloody invasions and revolutions - i.e. think civilization - reversion to a very extremely high mean under the circumstances, the chinese politicians, however moronic, can do no wrong. with regard to usa, do not think any of the above that applies to china. instead think (i) birthright, (ii) spendthrift, (iii) bravado, (iv) blood lust, (v) conquest, (vi) tomorrow, - i.e. think pop culture - spending down of a genocidal legacy that was prolonged by world imperial war profiteering and further enhanced by a fiat money borrow-spend-print fraud under the circumstances, the american politicians, however astute, can do no right imo, a realistic enough premise to watch and brief on