"It is not appropriate to compare the real estate market in China with that of Japan in the 1990s, as the two countries are in different stages of economic development and urbanization. We also have different macro policies to control the situation," Chen said at a news conference.
Oh, not appropriate. Well I'm sure that is satisfactory for the spineless who just get told what to think by those in authority.
At any rate, I wasn't comparing the two real estate markets, only the behaviour of buying overseas assets. I'll remember to spell things out for you in detail in future.
“Talk sense to a fool and he calls you foolish.” - Euripides
Anyone that is basing their investment decisions or hopes on the fear of a Chinese economic collapse is making a big mistake.
‘It [is] impossible for China not to reach its growth target of 6.5 per cent this year. Any sign the economy may slide out of its appropriate range we will employ innovative means to exercise macro-economic regulations to ensure our steady economic performance.’ Chinese Premier Li Keqiang at a press conference, March 2016.
That's just one of your failed predictions. There are more. Some of them haven't had long enough to reveal the true depth of your misjudgement yet. A few more years and I will dig them out for a laugh.
Quote:
and are you saying that energy is cheap?
1. Oil is the same price as it was 26 years ago. 60% less than it was 36 years ago. Meanwhile, average fuel economy has doubled. In the case of my personal car, it's quadrupled. So from my point of view, petrol is now 4 times cheaper than when I got my first car! But I'm sure someone, somewhere in the world thinks that it is expensive.
2. I found some old documents a couple of months back from when I first moved out of home into a rental. One of those documents was an electricity bill. 14c per kilowatt hour, or 29c a kilowatt hour in today's dollars (I currently pay between 22 and 25), and most of my appliances have doubled their efficiency in the intervening period. My electricity bill now is roughly the same for 4 energy hungry people in air conditioning as it was when I was sweating it out in my studio. CHEAP!
Over to you.
I've just noticed one of my stalkers has joined the thread ....
Well we are actually paying more for less. So you will have to dig far deeper than that.
Household energy prices increase despite drop in usage, Australian Bureau of Statistics says
Household energy prices have increased 61 per cent between 2008 and 2014 despite an overall drop in home energy use, new information from the Australian Bureau of Statistics has shown.
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