4 ms·

yep a lot of the property is brought as a safe guard against the the day when the mob starts hanging people from lampposts. Also I suspect lack of trust in the

yep a lot of the property is brought as a safe guard against the the day when the mob starts hanging people from lampposts. Also I suspect lack of trust in the local stockmarket might have something to do with it.

olalonde 11y ago
> yep a lot of the property is brought as a safe guard against the the day when the mob starts hanging people from lampposts. Do you have any evidence to back that up or are you just making it up? I'd personally be surprised if it has even crossed the mind of some of them. More likely, the Chinese are buying US properties because they are cheap and can be rented for profit.
- dharma1 11y ago
  Not saying there will be a mob but the Chinese stock market is heating up to the point where companies are stopping manufacturing and using their assets to buy stocks instead. And the level of unserviced debt is getting high, but the central bank prefers to have the lenders rolling it over rather than letting defaults be triggered. So buying property abroad would make sense for those Chinese who can afford it in terms of diversifying their investments as well as having a back door out of the country if it things go sour. https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CCEQqQIwAA&url=http%3A%2F%2Fwww.wsj.com%2Farticles%2Fchinese-firms-put-cash-to-work-in-stocks-1434463023&ei=NMGCVd-FJcbyUu7NgNgK&usg=AFQjCNFHBFVJJXvUjU9_XQu7FeXVEn8mfA https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web...
  - olalonde 11y ago
    Agreed. I guess I might have taken parent's comment too literally. I'm just tired to see the inevitable and often gratuitous China-bashing in those types of submissions.
- spacecowboy_lon 11y ago
  I was speaking mostly metaphorically but... You don't think some of the Cadres saw what happened to Nicolai Chauchesku and think that if it went really bad that that could be them. Remember that within living memory China has had extended periods of almost anarchy.

olalonde 11y ago

> yep a lot of the property is brought as a safe guard against the the day when the mob starts hanging people from lampposts. Do you have any evidence to back that up or are you just making it up? I'd personally be surprised if it has even crossed the mind of some of them. More likely, the Chinese are buying US properties because they are cheap and can be rented for profit.

dharma1 11y ago
Not saying there will be a mob but the Chinese stock market is heating up to the point where companies are stopping manufacturing and using their assets to buy stocks instead. And the level of unserviced debt is getting high, but the central bank prefers to have the lenders rolling it over rather than letting defaults be triggered. So buying property abroad would make sense for those Chinese who can afford it in terms of diversifying their investments as well as having a back door out of the country if it things go sour. https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CCEQqQIwAA&url=http%3A%2F%2Fwww.wsj.com%2Farticles%2Fchinese-firms-put-cash-to-work-in-stocks-1434463023&ei=NMGCVd-FJcbyUu7NgNgK&usg=AFQjCNFHBFVJJXvUjU9_XQu7FeXVEn8mfA https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web...
- olalonde 11y ago
  Agreed. I guess I might have taken parent's comment too literally. I'm just tired to see the inevitable and often gratuitous China-bashing in those types of submissions.
spacecowboy_lon 11y ago
I was speaking mostly metaphorically but... You don't think some of the Cadres saw what happened to Nicolai Chauchesku and think that if it went really bad that that could be them. Remember that within living memory China has had extended periods of almost anarchy.