China’s falling real-estate prices trigger protests, clashes, page-39

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hawkers

3,404 Posts.

31/08/14

12:30

Post #: 13900969
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Originally posted by All4One ↑

JUSTIS

I don't think my posts are confusing, I think yours are pretty much completely unrealistic but there ya go each to his own.

China Justis China, do I need to say any more?? ok I will then.
Have you not seen the news about the IO prices plunging and Coal falling?
This will impact the miners and the mining allied services industry which is a pretty sizeable industry.
There will be big job losses, how many? No one can tell because the allied mining industry runs deep throughout the society.
The property industry is heavily leveraged and with a lot of jobs going will mean a lot of mortgages defaulting and a lot of properties put on the market. the smart ones will sell first.
The Chinese real estate market is collapsing as we speak
China is far and away our biggest trading partner.
Chinese buyers and the Australian business buy a lot of Australian property.
Have you not been watching what happened in the U.S., hundreds of thousands of properties were foreclosed on and hundreds of thousands of families were put out on the street. The property prices plunged and are still way down.

How do I know this you ask?? Well because I have spoken at length to some property companies in the U.S. about buying properties. They all tell me the same story. The banks have an untold number of properties on their books and these companies buy them of the banks at a fire sale price and then on sell them. When you see some news about property sales going up in the U.S. you can bet it is the Banks selling to these property companies. These property companies are scouring the world looking for buyers, how do I know this?? Because they keep *&(^%$) ringing me and trying to tell me the AUD will drop so I better buy now.

Any thing else you would like to know just ask.

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Well since you are asking-how many people are ahead on paying their mortgages?

Also explain how is the US of relevance to Oz when the only similarities are both countries have houses?
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