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bubble burst in china?
Posted: Mon Mar 04, 2013 11:19 am
by sleewell
anyone watch 60 mins last night? looks like china is building tons of high rise apartments and no one is living in them, like entire brand new cities completely vacant. sounds like real estate is viewed as an investment that will never go down in value so the middle class has basically sunk generations of their families life savings into this bubble. further alarming it seems like the govt has been aiding the building to keep the economy artificially moving.
any of this sound familiar???
Re: bubble burst in china?
Posted: Mon Mar 04, 2013 12:00 pm
by neilrocks25
nightflameauto wrote:No, not familiar at all. Surely real estate will ALWAYS be a money maker. ALWAYS. It's a no risk investment. There's absolutely no way it could lose.
lol
Re: bubble burst in china?
Posted: Mon Mar 04, 2013 2:12 pm
by marshallnoise
This is actually old news. They have been doing this for like 15 years and now the MSM finally decides it is news worthy. Excellent.
At any rate, the best part of owning real estate is if shit goes down, at least you can grow food on it. Unless you live in a verticle environment, in which you don't really own shit.