Empty Cities: China's phony construction boom

[freedom]

I always find the debate between specuvestor and freedom highly intelligent and thought provoking.

But freedom, to be honest, while I have no doubts about the content of your posts, the tone of it is really rather demeaning or rude at times. Well, I know u dun give a damn to what I think, if u give a damn to what other think, the tone would not be like this anyway. Nonetheless, do continue your posts, I am more interested in the content than the form or tones. Although specuvestor might not agree, your posts always result in even more in-dept rebuttals.

But if it can be done in a more harmonious way, even better!!

Maybe let me explain myself a bit.

Word I type does not have a tone. The tones are what the readers added for themselves. Most of the time, I simply state an opinion. I am at peace most of the time no matter how heated the discussion is. [Edited by moderator]

I only states what I think is the truth, not any more. I can't force people to think the way I think.

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Hi Moderator,

You just deleted my other reply to a previous post....

never mind, I am too tired to re-type it...

[Behappyalways]

By any relevant measure, China's bubble is already very large. Playing the psychological game to enlarge it will only make the problem bigger in future. That future, I'm afraid, is months away.

http://english.caixin.com/2013-10-28/100596446.html?p1

http://english.caixin.com/2013-10-28/100596446.html?p2



http://investideas.net/forum/index.php?s...05c6e454de

[specuvestor]

"National Business Daily reported that PBoC Shenzhen published notice: Down- payment requirement for 2nd home purchase was raised to 70%. Down-payment for 1st home purchase remained at 30% while mortgage for 3rd home still suspended.

Although the policy adjustment may have limited market effect in short to medium term, people in the industry considered that differentiated mortgage policy will compose an important part of long term mechanism of the property market because of its effect on the demand side.

* The increment of first down-payment to 70% from previous 60% for 2nd home mortgage shld not be big surprise, given SZ's YTD resid'l price +20%YoY. The 10% additional shld only further squeeze out the speculator demands."

[Behappyalways]

Interesting watch

任志强：房产税不会扩大，限购令即将退出！
http://www.yicai.com/video/2013/11/3084357.html

http://investideas.net/forum/index.php?s...ffb7c5c728