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I'm very worried about the property bubble collapse in China that will happen in the near future. I'm seeing the same patterns. People from said country buying
by notastartup 12y ago
I'm very worried about the property bubble collapse in China that will happen in the near future. I'm seeing the same patterns. People from said country buying up expensive property overseas, people lose fortune when property bubble explodes. It happened with Japan (remember when Japanese yakuza were buying up property in West coast). It surely to happen with China (buying up property in west coast like crazy).
- melvinmt 12y agoCan you explain why a collapse in China would affect the West Coast?
- smt88 12y agoSeems s/he's saying that wealthy Chinese people are buying property on the West Coast of the US. If their market crashes and individual wealth drops, they wouldn't be able to pay their mortgages, which I guess would be a problem for lenders in the US? Lots of leaps here, but I can see a connection if his/her facts are right.
- notastartup 12y agohigh valuation comes from people paying high prices, mainly from China. if these people were to default or sell mode it would push the real estate valuation down significantly.