Plonk

The Asia Thread

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Not seeing this in HK, all still seems buoyant. Husband's financing bus up 100% over budget this 1st qtr. I'm still bearish longer term.

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Not seeing this in HK, all still seems buoyant. Husband's financing bus up 100% over budget this 1st qtr. I'm still bearish longer term.

I've always thought the Fragrant Harbour to be well demarked from the mainland peasants trying to be like the the said harbour. The Hang Seng is a vastly different index to the Shanghai Comp.

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Yes but so many of the wealthy here have businesses in China.

Husband bus not hk centric.

Of course anecdotal

Edited by fed up

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Interesting comments on how to short China!

 

5 Ways To Profit From A China Downturn In 2014

 

http://www.zerohedge.com/contributed/2014-01-05/5-ways-profit-china-downturn-2014

 

Interesting first comment on that article:

 

Quote from a friend down under with a UCLA MBA and successful career in general manager of opera companies and orchestras. 

"The Aussie housing market is safe because we have immigration of 200,000 per year and new housing starts of about half that, at best, which is the same low start rate it has been for 25 years. 

Mortgages are not sub-prime. 

 

  • Mortgages all have compulsory insurance built-in to protect the lenders. 
  • Nobody can walk away from their mortgage--they are full-recourse loans, unlike the U$A. 
  • Mortgages are not collaterialised and sent offshore.
  • Titles can be traced and found, and and not sold off to unknown investors offshore. 
  • Vast majority of mortgages are being paid off faster than terms required. 
  • Less than 30% of the population has a mortgage...40% have paid their home off in full. 
  • The remaining 30% rent.  
  • Mortgages in arrears for 30 days or more in 2013 is 0.9%.  
  • It has never been more than 1.5% in thirty years. 
  • Over 80% of all home buyers in 2013 were investment property buyers with the majority of them owning a first home that is paid off. 
  • They have capital, collateral, and most know what they are doing.  
  • Completely different than the U$A. 
  • I am sick of hearing American and other o/s hedge funders and know-it-alls insisting that the Aussie housing market is next to fall. 
  • The economy may be in a downturn, coming off the boil, but it is is far better shape than the GFC countries in 2005-2010. 
  • None of our banks required a dollar of govt bailouts, and we do not have a FannieMae or FreddieMac to worry about. 
  • The Defence Housing scheme is the only govt real estate pool and is considered tops in low risk and guaranteed returns.

 

 

Seems like the Aussie housing forum police are taking on international websites too.

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