Sep

16

 Hi gang,

FYI…

From my book research, I believe that this number is far too low… maybe only 25% of the truth based on two units per family and corporate profits diverted into Chinese stock markets, which generated paper wealth used for subsequent leverage in real estate (and visa versa).

Compared to US 2008 Crash, PRC bubble presents much greater (valuation and inventory) parametric risk due to mass and velocity of pre-bust (2001-present) rate of vacancy:

China: Property speculation leaves 64.5 million vacant homes in ChinaSpeculation in the real estate market has generated such a high rate of housing vacancy that it could lead to social disorder and financial problems, an economist with the Chinese Academy of Social Sciences says. The government, meanwhile, crosses its fingers

full article.


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