China's Housing Bubble

• Classyposter58

  

  Just watched that bit on 60 minutes. Wow those people and government are beyond dumb. To just build as much as possible with no demand at all for these places? Then others are buying about 5 apartments and hoping to turn it over for a higher price. Not going to end well
  
  http://www.ibtimes.com/chinas-crazy-real-estate-market-bubble-bursting-1021560
• said_aouita

  

  Thankfully SW China was just with an earthquake about a day ago. Hopefully aftershocks take out a few slant eyed commie bastards.
  
  
• rydawg5

  Yes it does.
  
  
  However, if China came into the USA to do a report on us (Regarding some issue) - The Chinese people would get the reporter's story using handpicked information to make the story good.
  
  Not saying their isn't a problem at all, but How would Americans view a Chinese story about America from the Chinese perspective? We probably wouldn't give it much thought to be credible.
• gut

  ccrunner609;1399510 wrote: That bubble is gonna burst and they are gonna come calling on the US to pay the debt back that we owe them.

  They've not been net new buyers in 2-3 yrs, just rolling over their existing holdings (total just under $1.2T).
  
  The fed now prints money to buy like 80%+ of new issues.
• believer

  

  The Chi-coms may not be buying more, but our debt load to them remains the same. Nevertheless, I have a hunch they'll have a tough time collecting on it when Guido comes calling.
  
  Regarding the Chinese version of the real estate bubble, who said the Americans should have all the fun?
• gut

  China has banking issues that extend well beyond housing. Think of the US fed/treasury with less interest in accounting.
• dlazz

  They're getting too big, too fast. I think they will fall, and fall hard (economically) in the next 10-15 years.
  
  That might involve them panicking and attacking the United States. Judging by the quality of goods they churn out, I'd say we're in pretty good shape to withstand any attacks from them.
• gut

  LMAO...They'll have another hard landing, which they always try to avoid and always fail at. What's going to happen there in the next 5 years, maybe sooner (probably next recession), is nothing new and nothing we haven't seen several times the past 2 decades.
• Classyposter58

  

  ccrunner609;1399510 wrote:Saw it.....just sat there in awww....especially the whole city built after a German village. Just creepy and sad at the same time.
  
  That bubble is gonna burst and they are gonna come calling on the US to pay the debt back that we owe them.

  If they still exist. They remind me a lot of what we did in the Roaring Twenties. Sadly they do not have capitalism to get them out. IMO they're going to undergo a major revolution shortly