This is going to crash the Australian real-estate bubble too. I remember all too well the Texas real-estate crash of the mid 1980's. Most real-estate lost 94-96% of their pre-crash values. That is right, real-estate sold for a few cents on the dollar. For cash, as mortgages were no longer available. Buildings were sold for their scrap materials value. Texas real-estate was no where near speculated up as high as Chinese, Australian, or Canadian real-estate is today.
https://finance.yahoo.com/news/analysis-chinas-house-cards-evergrande-141204893.html
https://www.apes.army/evergrande-collapse-imminent-300b-dollar-black-swan-trigger/
- Forums
- Breaking News
- Endgame Begins : China's Evergrande with $300BN in debt hires bankruptcy advisors
Endgame Begins : China's Evergrande with $300BN in debt hires bankruptcy advisors, page-22
- There are more pages in this discussion • 150 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online