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

To: Snowshoe who wrote (82118)	10/25/2011 6:47:50 PM
From: Hawkmoon	3 Recommendations Read Replies (1) \| Respond to of 220075

Seeing later buyers get steep discounts has galled many who bought earlier but have not yet moved in, since many apartments are sold before they are built. I seem to recall having a discussion about this with TJ many months ago. The fact that TJ asserted that real estate, including unoccupied homes, apartments, and such are treated by Chinese as "savings", in defense of high RE prices, was something I found appalling.. And if developers are now offering 40% discounts to new buyers, this equates to CURRENT Chinese owners taking a significant hair cut on their savings. RE has to have an ROI, either by virtue of avoiding paying out rent by the owner, or collecting rent from others. Having them just sit empty in hopes that they will hold their value (especially when the homeowner cannot actually own the underlying land) is ridiculous. Hawk

To: Snowshoe who wrote (82118)	10/26/2011 8:47:48 PM
From: TobagoJack	Read Replies (1) \| Respond to of 220075

there is no real estate bust in 50%-down-payment china adjust premise to save yourself there was no real estate bust in the 0%-down-payment usa, not yet there is a debt deflation bust the real estate bust shall come later, once the debt pile gets bigger still