Chinese Housing Market

[throwawaydad]

I think it was Capstone who was considering purchasing a residence in China...but regardless:

I trade the markets EVERY DAY.  It's what I do for a living.

Chinese regulatory agencies generally make American agencies look like pussies.  The Chinese government has told major Chinese banks that they must submit to stress tests that assume a 60% decline in housing values.

Just like when I trade, I always consider what might go wrong.  Hence my old name, doesntlookgood.

The government is most likely looking at "worst-case" scenarios, but forewarned is forearmed.  Our OWN suffering is NOT over, by any means.  So batten down the hatches, and get ready for another rough 18-24 months.

Today, Prime Minister Putin of Russia suspended ALL Wheat and Grain exports.

America had the Gulf Coast.
The FSU has its fires.

If you have a job...get a side job.  Right now we all need to live our lives by this simple acronym:

CREAM

Cash
Rules
Everything
Around
Me

EVERYONE should prepare to alter their plans, regardless of status.

[Bob_S]

So batten down the hatches, and get ready for another rough 18-24 months.

Oh, I'm not expecting things to improve until mid 2013.  Unless Obama, the One, the Lord Messiah, gets re-elected.  Then mid 2017.

[Capstone]

Anyone who has been to China and looked at what is going on in the housing market there can see that there is a huge bubble that will eventually burst. I am not seriously considering buying a house in China until that happens - everything is way overpriced there right now. Speculators have been steadily driving up the prices for several years now and there are loads of new homes sitting empty which were purchased as investments only - the owners never intended to live in them.

[piglett]

I think it was Capstone who was considering purchasing a residence in China...but regardless:

I trade the markets EVERY DAY.  It's what I do for a living.

Chinese regulatory agencies generally make American agencies look like pussies.  The Chinese government has told major Chinese banks that they must submit to stress tests that assume a 60% decline in housing values.

Just like when I trade, I always consider what might go wrong.  Hence my old name, doesntlookgood.

The government is most likely looking at "worst-case" scenarios, but forewarned is forearmed.  Our OWN suffering is NOT over, by any means.  So batten down the hatches, and get ready for another rough 18-24 months.

Today, Prime Minister Putin of Russia suspended ALL Wheat and Grain exports.

America had the Gulf Coast.
The FSU has its fires.

If you have a job...get a side job.  Right now we all need to live our lives by this simple acronym:

CREAM

Cash
Rules
Everything
Around
Me

EVERYONE should prepare to alter their plans, regardless of status.

dude i am rite out straight working 8 days a week already.
between my night job, a business i started on the side 3 years ago & 
also doing some side work for a local Realtor i am actually overwhelmed a bit.
I am only keeping the night gig because i get a check from there & figured it mite help me
prove at least some of my income to the immigration people.
Don't want my wife's visa getting delayed because i can't prove my income.


piglett

[Henry]

When the Chinese market melts down, that means they wont be able to buy the raw materials from around the globe that they desperately need to expand their economy? Therefore the world economy will shrink even more? Is that about right?

I think they may have already stopped buying US T's.