(18-09-2014, 04:35 PM)specuvestor Wrote: His money is from some BVI that is like the SPV of the CDO crisis where bankers lend them short term and invest long to roll down the curve? Forumer Contrarian knows what I'm talking about
I must be lazy as well since I am very skeptical where the demand is coming from when Aussie economy slowing down and unemployment rises. So prima facie supply not meeting demand is right but we have to understand the fine print, which seems like only lazy people would bother
Towkay bought FNN/ centerpoint at peak of Singapore property cycle. The main difference is that he and Lippo were both very hardworking in shedding the assets. Is his timing really good or his execution?
economy slow down most time only means that no more new money/investment. Money/investment made before and return from them has to go somewhere. It can go abroad, or it can stay. If it stays, property is one of the natural attraction for money when there is no good business investment.
However, it does not mean that I am bullish on Aussie properties. Australia is one of the worst place to do business in the world.