28th March 2010, 07:21 | #1 |
don't tax me bro
Join Date: Nov 2003
Posts: 7,175
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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.
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[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 |
Hella Bolognafried Warrior
Join Date: Jun 2005
Location: Home motherfuckers
Posts: 3,789
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Re: This should be fun to watch
sound familiar? the domino is wavering. the next downturn will be worse.
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