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China facing full-blown banking crisis; BIS
Topic Started: 19 Sep 2016, 07:12 PM (6,232 Views)
Terry
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Bardon
21 Sep 2016, 09:53 PM
You don't know very much about anything.
Is that it?
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Jon Snow
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Bardon
21 Sep 2016, 09:38 PM
So do you have many examples of this high ownership rates being indicative of an agrarian mindset throughout history?
LOL. You do realise that house ownership began when we left migratory hunter/gatherer and formed permanent settlements? There is nothing more agrarian than land ownership. Nothing.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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Bardon
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Terry
21 Sep 2016, 10:11 PM
Is that it?
Afraid so.
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Terry
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Bardon
21 Sep 2016, 10:17 PM
Afraid so.
Haier bought Sanyo. Starwood was bought for 14 bio. Sony bought Toshiba's chip business for over 50 bio.
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Bardon
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On Sunday, the last day before the new rule came into effect, 5,105 homes were bought in Hangzhou, the most transactions ever in a single day for the city.

http://www.scmp.com/property/article/2020988/home-sales-hit-new-high-hangzhou-chinas-g20-host-city
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Jon Snow
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Bardon
22 Sep 2016, 09:43 PM
On Sunday, the last day before the new rule came into effect, 5,105 homes were bought in Hangzhou, the most transactions ever in a single day for the city.

http://www.scmp.com/property/article/2020988/home-sales-hit-new-high-hangzhou-chinas-g20-host-city

That's what backward agrarian peasants invest their money into. You need a really big crisis for people to make the leap out of peasant mentality.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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Bardon
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Jon Snow
22 Sep 2016, 09:53 PM

That's what backward agrarian peasants invest their money into. You need a really big crisis for people to make the leap out of peasant mentality.
5,105 homes sold on a Sunday, very nice productivity in these former ghost cities as well.

Looks like the way of the future is now, digital communications, upwardly mobile citizens, bidding up the land value in sought after areas.

“Hangzhou is a beautiful city and is building up to be the technology hub in China as it is the home town of Alibaba. We are bullish about Hangzhou,”
Edited by Bardon, 22 Sep 2016, 10:03 PM.
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Jon Snow
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Bardon
22 Sep 2016, 09:56 PM
5,105 homes sold on a Sunday, very nice productivity in these former ghost cities as well.

HangZhou was the capital of the Wuyue Kingdom in 907AD, and has a current population of 9 million. The last time it was a ghost city was 2000 years ago.
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Looks like the way of the future is now, digital communications, upwardly mobile citizens, bidding up the land value in sought after areas.

“Hangzhou is a beautiful city and is building up to be the technology hub in China as it is the home town of Alibaba. We are bullish about Hangzhou,”
Your ignorance of China never ceases to impress me.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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Bardon
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Jon Snow
22 Sep 2016, 10:11 PM
Your ignorance of China never ceases to impress me.
Posted Image

In auctions, property boom continues unabated

Referring to Tier 1 and 2 cities in China, he added, “About 80 percent of the capital in real estate development is now chasing some 20 percent of land resources.”

THE public auction market for undeveloped Shanghai land this summer has been as sizzling as an August heat wave.

No matter whether the land is located in more downtown areas or on the city’s rural edges, developers are in a frenzy to grab sites and enlarge their “land banks.”

That was underscored on August 17, when Rongxin Fujian Investment Group shocked the property industry by agreeing to pay a record 11.01 billion yuan (US$1.66 billion) for a 31,034-square-meter site in Shanghai’s newly expanded Jing’an District.
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Jon Snow
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Bardon
22 Sep 2016, 10:19 PM
Referring to Tier 1 and 2 cities in China, he added, “About 80 percent of the capital in real estate development is now chasing some 20 percent of land resources.”
China is a big place, but if you are stuck in the agricultural age, this is the behaviour you get. Japan did the same thing. They modernised fast, too fast for the social mind to evolve with the changes occurring in the economy.
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THE public auction market for undeveloped Shanghai land this summer has been as sizzling as an August heat wave.

Shanghai was a fishing village 300 years ago. If you ever went looking for the perfect example of one culture exporting it's stupidity to another, ShangHai is the place.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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