Housing bubble in China

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This topic contains 3 replies, has 3 voices, and was last updated by Profile photo of Anonymous Anonymous 3 years, 6 months ago.

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  • #57463
    Profile photo of Anonymous
    Anonymous
    Participant

    I’m very positive in most terms when it comes to China but it seems that corrupt officials are using real estate to boost their GDP numbers and also pocket a lot of money for themselves. It can’t end well when they built new cities for around 1 million people and no one lives there.

    http://www.youtube.com/watch?v=qPjGWcM3Awc “just an example of a town built to look a little bit like England, almost totally empty except for a few tourists”.
    http://www.youtube.com/watch?v=ei0FpwI1dqg “60 minutes made a story about it”.

    Vice who makes a little bit different sort of documentaries with a twist of fun, usually they go to the most dangerous places on earth. This one deals with this subject. http://eztv.it/ep/44769/vice-s01e06-hdtv-x264-evolve/

  • #81685
    Profile photo of DBMarcos99
    DBMarcos99
    Participant

    On the video on this link, around 4’20” a Chinese lady explains that they are looking abroad as laws prevent them buying second homes within China. Seems strange to me, but it may explain some things?

    http://www.rtve.es/television/20130506/vienen-invertir/657000.shtml#kmnts

  • #116813
    Profile photo of Anonymous
    Anonymous
    Participant

    From what I read, the Chinese housing bubble is the mother of all bubbles.

  • #116818
    Profile photo of Anonymous
    Anonymous
    Participant

    @mark wrote:

    From what I read, the Chinese housing bubble is the mother of all bubbles.

    I tend to agree. They may actually trumph Spain in this area in the end. What scares me is that so much of our western economies are based upon China doing well at the moment. This could actually set us back many many years again.

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