@ShmoShady
It's important to note that China has over 100,000 households that are regarded as super rich. Not millionaires.
Households that own more than $20,000,000 AUD ($100,000,000 yuan). The absolute minimum.
Have you been to China? It's ridiculous. Out of this world. Think about it.......US population somewhere like 330m compared to China 1.4b.
If China bleeds so to do steel producers that rely on China. Most of FMG's iron ore is sold to China. OUCH.
Your article above is media bullshit. They are talking about 200 large flats. It's absolutely not even mentioning.
You could have 1 million flats built and it wouldn't mean jack in a population of 1.4 billion. I'm not sure how many Chinese households own between $10 million AUD and $20 million but I'd hasten to guess it would be at multipoles of the over $20 million AUD club.
What about the rest of the property market for the low and middle class?
Of course there is a property crisis in China. Property crises are not determined by the rich or the super rich.
I had a fair bit in this stock 2 years ago. Only bought it for the dividend. I don't play options, calls etc. As you said a lot of us are too lazy and dumb to try and understand it. Buying a good revenue and profit making stock can be volatile but it doesn't have an expiry date. Nobody ever gets it right with the risky instruments you talk about.
Good luck my man! I've missed you. There is no easy money, you know that very well.
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