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Housing prices to fall in Beijing? [Copy link] 中文

dongzhx has been deleted
Post time 2007-1-30 11:49:19 |Display all floors
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dongzhx has been deleted
Post time 2007-1-30 11:52:01 |Display all floors
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Rank: 4

Post time 2007-1-31 10:33:47 |Display all floors
The word 'real estate' belongs only to the rich. Well the word ' rent' or ' dorm' are more familiar with me.

I don't believe the price would lower to a reasonable level at which average income people could afford
Save the girl, Save the future.---Heroes

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Rank: 1

Post time 2007-2-1 10:59:01 |Display all floors
The population of chinese people is too large

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Post time 2007-3-12 00:02:02 |Display all floors
we need money
http://www.fx-margin.com
fx margin

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Rank: 8Rank: 8

Post time 2007-3-12 12:34:54 |Display all floors

Build cheaper satelite new towns....

..with lower land cost and excellent "mass rail transit", busses and road connections to the capital.

Harming city centre property value is a step in the wrong direction. (except if there is overbuilding and low level of demand...then a bubble burst expected)
Remember what happen to Hong Kong in Mr. Tung's leadership.
The Hong Kong city property value plummeted with disasterous consequences for the Hong Kong economy.


Green Dragon

[ Last edited by greendragon at 2007-3-12 12:40 PM ]

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Rank: 8Rank: 8

Post time 2007-3-12 12:47:45 |Display all floors

Lower prices!

If average housing prices did actually fall over the next few years then what will happen to all those Chinese people who have got loans from the banks to buy apartments etc on the expectation that these will rise in value?

This is what will happen -

They will be unable to sell because they would lose money

They maybe unable to pay the interest on the bank loans because they had not expected to have to keep on paying for 5 years or more (they expected to sell the property and make money)

The government says it may well increase the interest rates; this will prompt more people to want to sell and pay off their loans because the banks will want more interest - this will further drive down house prices

Result: many people feel economic hardship
some banks that lent money too easily may be in trouble
general economic slow down
unemployment increases
more people can't pay bank loans

...

Don't lower the house prices!!

Reduce the rate of price increase yes, but never let the prices drop
"We know it's weakness, but the weakness is so strong!"

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