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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (64932)	7/29/2010 5:16:47 AM
From: Elroy Jetson	Read Replies (2) \| Respond to of 217571

If you think 6.7 million Yuan for a 100 square meter apartment is expensive, wait and see. Next year people moving in from rural China will gladly pay 67 million Yuan for a 1,000 sq ft apartment in urban China. Where they will get that kind of money says a lot about what is about to happen in China. .

To: Canuck Dave who wrote (64932)	7/29/2010 6:06:16 AM
From: TobagoJack	Read Replies (2) \| Respond to of 217571

no, not sustainable ordinarily, but perfectly possible when bernanke delivers on his promises to fight american deflation with all at his disposal so far bernanke has kept to his words, and we like him ;0) a square foot of living space in hkg range in cost from usd 1k to 3.5-4k, and folks buy and hold so china mainland real estate has much upside, in terms of rmb, but especially in value of usd (even better in relationship to what used to be the zimbabwe dollar, that which shall strengthen against usd) as we post back n forth, greek island hideaways already are at 50% discount. imo, another 80% to go, ultimately resting at 2% of peak value. it is simply how debt depression works, unless and until the greeks abandone the euro. actually it would make no difference what money the greeks use, their real estate should crater against gold by 98% and that, mathematically, is what then must happen before all is said and tried, and then done. news: china is actively considering, and government openly hints in media that legislation shall be put in place to index wages to ... INFLATION classic spiral action on way imo, if in china/hkg, buy real estate, and everywhere else, getgold, so that one can partake in spiral powered by all large economies, and billions of folks i am beginning to see the global equalization process more clearly, and at more transparent wet work