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[Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading

 
Glaxnor
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10/13/2021 12:53 AM
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[Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
[link to kyma.com (secure)]

Evergrande
Fantasia
Modern Land
Sinic Holdings

Edit: adding an update, there are now eleven firms.

Guangzhou R&F, JIangsu Zhongnan, chongquing Jinke, Greenland Holding, Zhongtian Finance, Rongshen Development, Sunac Holdings, Zhong Liang, Sunshine City, China Aoyuan, Guancheng Chase.

This is pinyin, and it is rumor/breaking, so hold on to your butts.

I think Sunac is Sinic Holdings, but I am not going to do muckracking. Just posting for all to be aware of.

Guangzhou R&F is confirmed. Wife intel.

Now First four.

Last Edited by Glaxnor on 10/14/2021 10:57 AM
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Glaxnor  (OP)

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10/13/2021 12:54 AM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
Also in CNN news, but I figured people wouldn't like it.
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Anonymous Coward
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10/13/2021 01:19 AM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
Also in CNN news, but I figured people wouldn't like it.
 Quoting: Glaxnor


In the everything bubble, every government just prints more fiat.

China produces the worlds goods.

Whatever happens, China wins.
Disenfranchised Godzilla1980
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10/13/2021 01:24 AM

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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
hey if it leads to californias ridiculous prices to drop...it's all good
For the ACs..there is NOTHING that you can do to me on this platform..you can throw all the insults you want won’t do a thing because IDGAF
Glaxnor  (OP)

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10/13/2021 01:50 AM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
hey if it leads to californias ridiculous prices to drop...it's all good
 Quoting: Disenfranchised Godzilla1980


It could very easily have a big impact on them. I am expecting it to impact the real estate market at any rate.
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pish
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10/13/2021 01:54 AM

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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
hey if it leads to californias ridiculous prices to drop...it's all good
 Quoting: Disenfranchised Godzilla1980


It could very easily have a big impact on them. I am expecting it to impact the real estate market at any rate.
 Quoting: Glaxnor


Ive been waiting 10 years...

I have enough dough to pay in cash for a house, but its simply not worth it at the current prices....

500-800k for a 2bd 2bath/3bd 2bath, is insane. I wont pay it. Luckily I own a little 2bd 1 bath paid off, so I wait...
Always remember these words: Work hard, study well, and eat and sleep plenty! That is the Turtle Hermit way! We must master the art of peace in addition to the art of war!
Butch DeFeo

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10/13/2021 01:55 AM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
OP, will this increase real esate prices, or decrease real estate prices?
:DOCSRBAFFLED::redblueLED::DONTBEAPANDEMICS:
Only you can stop the fake pandemic for yourself, no one will ever tell you the pandemic is over. It's time to WIN.
Glaxnor  (OP)

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10/13/2021 02:19 AM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
OP, will this increase real esate prices, or decrease real estate prices?
 Quoting: Butch DeFeo


I expect prices to go down, but I honestly have no idea whats going to happen. Chinese people bought a ton of property abroad and that heavily inflated the local prices in NYC and the Seattle area, at least.

The tipping point will be what China does to deal with this issue. A lot of people in China have their entire lives put into real estate. When you need cash, you liquidate assets. When a lot of people do the same, prices plummet.

This whole thing is a mess IMO.

I would point out this thread:

[link to godlike.com (secure)]

And I don't disagree with it either.

I am like phish on this, I will never pay these insane prices for property.

I am also geared up and ready to buy foreclosed properties. So take that as you will.
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Anonymous Coward
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10/13/2021 02:32 AM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
I think china pulls a refinance rabbit out of its hat.since population is so large,this creates a parachute effect on inflation.the populace absorbs the hit.the bubbles pop on realestate in country.out of country,its a mess,those folks aint taking a loss.that valuation is eatin away in taxes.
Usa is demographically changing and the future is southern migration away from tax hell.
Florida is maxxed out so it all goes texas.thus austin.no matter what happens,even ww3,austin wins.a sure bet for the future.
No better realestate investment option,none.
G-3

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10/13/2021 02:37 AM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
pinit


Curious about your opinion of this OP?. . .



G-3
Phoenix Light

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10/13/2021 03:05 AM

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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
[link to kyma.com (secure)]

Evergrande
Fantasia
Modern Land
Sinic Holdings
 Quoting: Glaxnor


When they get to Black Rock/Blackstone Let me know I will be excited then.
Phoenix Light
Butch DeFeo

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10/13/2021 03:06 AM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
OP, will this increase real esate prices, or decrease real estate prices?
 Quoting: Butch DeFeo


I expect prices to go down, but I honestly have no idea whats going to happen. Chinese people bought a ton of property abroad and that heavily inflated the local prices in NYC and the Seattle area, at least.

The tipping point will be what China does to deal with this issue. A lot of people in China have their entire lives put into real estate. When you need cash, you liquidate assets. When a lot of people do the same, prices plummet.

This whole thing is a mess IMO.

I would point out this thread:

[link to godlike.com (secure)]

And I don't disagree with it either.

I am like phish on this, I will never pay these insane prices for property.

I am also geared up and ready to buy foreclosed properties. So take that as you will.
 Quoting: Glaxnor


Do we have reason to believe that the Chinese will dump their US real estate holdings?
:DOCSRBAFFLED::redblueLED::DONTBEAPANDEMICS:
Only you can stop the fake pandemic for yourself, no one will ever tell you the pandemic is over. It's time to WIN.
Anonymous Coward
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10/13/2021 04:07 AM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
OP, will this increase real esate prices, or decrease real estate prices?
 Quoting: Butch DeFeo


I expect prices to go down, but I honestly have no idea whats going to happen. Chinese people bought a ton of property abroad and that heavily inflated the local prices in NYC and the Seattle area, at least.

The tipping point will be what China does to deal with this issue. A lot of people in China have their entire lives put into real estate. When you need cash, you liquidate assets. When a lot of people do the same, prices plummet.

This whole thing is a mess IMO.

I would point out this thread:

[link to godlike.com (secure)]

And I don't disagree with it either.

I am like phish on this, I will never pay these insane prices for property.

I am also geared up and ready to buy foreclosed properties. So take that as you will.
 Quoting: Glaxnor


Will it affect the UK?
Anonymous Coward
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10/13/2021 04:27 AM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
OP, will this increase real esate prices, or decrease real estate prices?
 Quoting: Butch DeFeo


I expect prices to go down, but I honestly have no idea whats going to happen. Chinese people bought a ton of property abroad and that heavily inflated the local prices in NYC and the Seattle area, at least.

The tipping point will be what China does to deal with this issue. A lot of people in China have their entire lives put into real estate. When you need cash, you liquidate assets. When a lot of people do the same, prices plummet.

This whole thing is a mess IMO.

I would point out this thread:

[link to godlike.com (secure)]

And I don't disagree with it either.

I am like phish on this, I will never pay these insane prices for property.

I am also geared up and ready to buy foreclosed properties. So take that as you will.
 Quoting: Glaxnor


Will it affect the UK?
 Quoting: Anonymous Coward 80973215


fk the UK
Glaxnor  (OP)

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10/13/2021 06:48 AM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
OP, will this increase real esate prices, or decrease real estate prices?
 Quoting: Butch DeFeo


I expect prices to go down, but I honestly have no idea whats going to happen. Chinese people bought a ton of property abroad and that heavily inflated the local prices in NYC and the Seattle area, at least.

The tipping point will be what China does to deal with this issue. A lot of people in China have their entire lives put into real estate. When you need cash, you liquidate assets. When a lot of people do the same, prices plummet.

This whole thing is a mess IMO.

I would point out this thread:

[link to godlike.com (secure)]

And I don't disagree with it either.

I am like phish on this, I will never pay these insane prices for property.

I am also geared up and ready to buy foreclosed properties. So take that as you will.
 Quoting: Glaxnor


Will it affect the UK?
 Quoting: Anonymous Coward 80973215


London probably, but don't go panicking, I know it will effect Seattle/New York because they have a lot of mainlanders.
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Anonymous Coward
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10/13/2021 08:00 AM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
:pinit:


Curious about your opinion of this OP?. . .



 Quoting: G-3


No comparison from 1917 to today. Some easy thinking will determine that. Did the rueskies have over 300 million fire arms with double or triple the ammo? The list goes on and on about the differences between then and now. Riccardo Bosi is the man to listen to NOT this defeated unknown.
Anonymous Coward
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10/13/2021 08:09 AM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
OP, will this increase real estate prices, or decrease real estate prices?
 Quoting: Butch DeFeo


IMHO (and I could be wrong)...I think this will result in the impossible. It will raise prices and decrease home-loan availability.

Only the rich who can pay cash for a house will be able to buy one.

- MC
Anonymous Coward
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10/13/2021 08:10 AM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
Defaults beget defaults. Hold cash because the crash is coming here.
Anonymous Coward
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10/13/2021 08:16 AM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
According to a Zerohedge article, when the housing bubble burst in the US in 2008, it was 6% of US GDP. The Chinese real estate market is currently 29% of Chinese GDP...

Historically, when a nation has domestic issues, it starts a war.

Don't plan any trips to Taiwan/Formosa anytime soon.
G-3

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10/13/2021 02:02 PM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
pinit


Curious about your opinion of this OP?. . .



 Quoting: G-3


bump
G-3
Anonymous Coward
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10/13/2021 02:24 PM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
Is BlackRock Ruining the Housing Market?
Yes, They Are.

[link to mileswmathis.com]


What’s REALLY behind the war on home ownership? Becoming a “Nation of Renters” is clearly a big part of the New Normal.


[link to off-guardian.org (secure)]
Anonymous Coward
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10/13/2021 02:25 PM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
ca real estate has already peaked
Anonymous Coward
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10/13/2021 02:27 PM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
[link to kyma.com (secure)]

Evergrande
Fantasia
Modern Land
Sinic Holdings
 Quoting: Glaxnor


When they get to Black Rock/Blackstone Let me know I will be excited then.
 Quoting: Phoenix Light


Blackrock/Vanguard.
Glaxnor  (OP)

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10/14/2021 10:49 AM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
Bump
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Glaxnor  (OP)

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10/14/2021 10:55 AM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading

Curious about your opinion of this OP?. . .

 Quoting: G-3


Uh, not really sure what to say about it. It is a thing. Not going to watch the whole thing, as I am trying to get back stateside atm. Life as an expat is quite nice, but it isn't easy. There was a thread about it that was pretty good a while back.

Ecuador I think.

I was in China, and things are getting interesting there. Hence I am trying to leave.

Last Edited by Glaxnor on 10/14/2021 11:03 AM
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Glaxnor  (OP)

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10/14/2021 11:03 AM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
bump
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Glaxnor  (OP)

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10/14/2021 11:33 AM
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Re: [Updated from 3] 11 Chinese Real Firms - Estate Trouble Spreading
Last Bump and it's off to sleepland I go.

It looks like 11 Real Estate Firms in China are feeling the impact.
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GLP