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buc

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31/08/14

13:12

Post #: 13901061
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Originally posted by Justis ↑

Hawkers we have answered that one time and time again but they seem to ignore in but for the hell of it;

30% of property is own out right, regardless of if prices rise or fall not need to sell

40% have relatively small mortgages dito as above

Of the rest most, say at least 20% have mortgages that are less than the cost of renting. For these people it would make more sence to ride out any economic down turn than face the high cost of selling up and renting.

Comes down to 5% that maybe vulnerable and using the GFC as a bench make of how bad things could get we know that property dropped 10% before recovering a few years latter.

What has happen is the past is the best indicator of what may happen in the future, any thing other than that is speculation

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I don't think the Chinese will have too much trouble filling empty apartments, when an economy of 1.3 billion people will be 40% bigger within the next 5 years, provided growth averages 7.5% a year.

More growth to come from inland China, rail networks, clean energy and manufacturing, imo

Last edited by buc: 31/08/14
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