This should be fun to watch - Gianni's Bar and Grille. Guns and shit. And Bourbon. And occasional side boob

taco · 28th March 2010, 07:21

Real Estate prices just keep going up right?

http://www.usatoday.com/money/world/...ble24_cv_N.htm

But China's frenzied real estate market is starting to turn optimists into pessimists, who say this sector could be the next big economic bust. The fear is that a collapse of China's property market could hamper global recovery by rocking stock markets and sinking consumer confidence around the world. It also could sharply reduce China's demand for U.S. exports, slowing the growth of the American economy.

Skeptics point to signs that consumer exuberance in China has reached a dangerous level: buyers snapping up luxury properties purely for investment; residential prices rising precipitously across the nation; and vacancy rates soaring for commercial properties.

"The pace of ... the housing and property market indicators sort of smack of a bubble to me," says Rachel Ziemba, a Roubini Global Economics senior analyst.

DieHippy · 28th March 2010, 08:37

sound familiar? the domino is wavering. the next downturn will be worse.

28th March 2010, 07:21	#1
taco don't tax me bro Join Date: Nov 2003 Posts: 7,175	This should be fun to watch Real Estate prices just keep going up right? http://www.usatoday.com/money/world/...ble24_cv_N.htm But China's frenzied real estate market is starting to turn optimists into pessimists, who say this sector could be the next big economic bust. The fear is that a collapse of China's property market could hamper global recovery by rocking stock markets and sinking consumer confidence around the world. It also could sharply reduce China's demand for U.S. exports, slowing the growth of the American economy. Skeptics point to signs that consumer exuberance in China has reached a dangerous level: buyers snapping up luxury properties purely for investment; residential prices rising precipitously across the nation; and vacancy rates soaring for commercial properties. "The pace of ... the housing and property market indicators sort of smack of a bubble to me," says Rachel Ziemba, a Roubini Global Economics senior analyst. __________________ [QUOTE-shiggity shane]I'm only as stupid as money can get me what I need, then I look good.[/quote]

28th March 2010, 08:37	#2
DieHippy Hella Bolognafried Warrior Join Date: Jun 2005 Location: Home motherfuckers Posts: 3,789	Re: This should be fun to watch sound familiar? the domino is wavering. the next downturn will be worse.