Investor · Berkeley, CA · Member since 2015 · 1k+ posts · 713 votes
According to the richest man in China, Wang Jianlin, worth over $44Billion, China's real estate is the biggest bubble yet. Now, he's spending his time acquiring companies in the U.S., particular movie houses...
Investor · Milpitas, CA · Member since 2015 · 278 posts · 155 votes
10y
Go to China, visit the tens (I think less than 100) of ghost towns that were built with all the complexes and high rises, and see that about 100 people live in the town. Yeah, it's a bubble, a bunch of buildings people were paid to build, where nobody lives. Is there even any equity in them?
Bakersfield, CA · Member since 2016 · 5 posts · 0 votes
10y
This isn't just in Houston this was huge in the UK they would be buying high rises buying them out leaving a lot of first time home buyers in the UK angry since they wouldn't be able to afford it
Houston, TX · Member since 2015 · 15 posts · 3 votes
10y
As long as there are buyers below the current price there will not be a crash. Price is also not a conspiracy it is caused by market forces . In China it is a product of currency control. If you are Chinese and have money there are limited investment opportunity's. The Stock market small and volatile and they cannot take the money out of China. The zombie cities will be used by the government. When they have sufficient water and power and sewage disposal the govt will put mfg in near one of the empty cities . People will move from the relative poverty of the farm to the new cities and wallah a whole new economic sector will spring up. That is the advantage of central planning.
I read all the time some broker analyst says "I have lots of buyers but the price is too high", that is ridiculous. The price is a result of lots of potential buyers and the ones that feel the price is too high are not buyers at this price. One of the better sayings from the stock market is that " the market climbs a wall of worry". You are worrying and are not a current buyer.