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China mortgage boycott data erased by censors as crisis spreads

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Re: China mortgage boycott data erased by censors as crisis spreads

#311

Post by bigcat12345678 »

thriftwy wrote: post #310
bigcat12345678 wrote: post #308

Earlier quoted context omitted.

> I hope you realize that China flat out lose this one? Not sure what you mean. https://en.m.wikipedia.org/wiki/Sino-Vietnamese_War This is what referred in my comment. I cannot see how China lost it? Mind elaborate a bit? Quotes from Wikipedia: Although Vietnam continued to occupy Cambodia, China successfully mobilized international opposition to the occupation, rallying such leaders as Cambodia's deposed king Norod…

That's fifthly embarrassing for you, Pol Pot is considered the most repressive dictatorship in history and I didn't even see attempts at debunking. "We've botched actual fighting but said we got what we wanted thanks to Pol Pot guerillas " is one of the most pathetic things I've ever read. Also, I think that to the rest of the world outside China, Vietnam has demonstrated that it can hold on its own with some help fr…

Not sure what you are talking about.

I am talking about China's geopolitical objectives. As for Pol Pot's sadistic crazy butchering, that's a separate topic.

If you want to discuss the moral objectives of China's wars, we can have another thread. I definitely have a lot to say as well.

Re: China mortgage boycott data erased by censors as crisis spreads

#312

Post by thriftwy »

bigcat12345678 wrote: post #311
thriftwy wrote: post #310

Earlier quoted context omitted.

That's fifthly embarrassing for you, Pol Pot is considered the most repressive dictatorship in history and I didn't even see attempts at debunking. "We've botched actual fighting but said we got what we wanted thanks to Pol Pot guerillas " is one of the most pathetic things I've ever read. Also, I think that to the rest of the world outside China, Vietnam has demonstrated that it can hold on its own with some help fr…

Not sure what you are talking about. I am talking about China's geopolitical objectives. As for Pol Pot's sadistic crazy butchering, that's a separate topic. If you want to discuss the moral objectives of China's wars, we can have another thread. I definitely have a lot to say as well.

China had a sadistic crazy butchering ally, they've failed to keep that ally regime from being toppled by Vietnam, China has invaded Vietnam but was met by stiff resistance and had to retreat (which looks much more like a defeat rather a draw, especially given the difference in size between parties) and of course China no longer had the Cambodia - Vietnam did not occupy it either but I'm not sure they seriously planned to.

I'm really weak in that kind of history so I may get everything off, but that's what it looks from the outside.

Re: China mortgage boycott data erased by censors as crisis spreads

#313

Post by baybal2 »

bobthepanda wrote: post #210
differentView wrote: post #178

Earlier quoted context omitted.

>4. Citizens pay up to 40% of the total price on their own, and ask the bank to lend them the rest of the 60% and get it paid back in the NEXT 30 YEARS (often paying as much as twice as the original price). So they're less leveraged than most American home purchases of 5~20% down payment. 30-year mortgages are also standard in the U.S. You emphasized "NEXT 30 YEARS". Do you think it should be longer or shorter? >5. T…

Well, there is evidence in China that the current system is super over-leveraged. Evergrande and a few other developers have gone bust and left these pre-sold apartments unfinished. So now the people who bought real estate of any kind are getting spooked, and this is basically a bank run, but on real estate. The Great Recession was bad, but all those houses existed. Which seems a bit better than this present failure…

No post body was provided.

Re: China mortgage boycott data erased by censors as crisis spreads

#314

Post by JumpCrisscross »

jollybean wrote: post #305
JumpCrisscross wrote: post #304

Earlier quoted context omitted.

> literally 0 functional difference. Fannie Mae and Freddie Mac are government sponsored entities Fed means Federal Reserve. Not the federal government. The Fed and federal government are meaningfully different.

The Fed is 'Governance'. It's just not democratic and didn't arrive into it's current situation the way we would have liked it. It acts in essentially the same manner as 'Bank of England' or the 'ECB' just structured a bit differently. The Fed's massive intervention in 2008 was similar to other Central Banks, because it's effectively the same thing i.e. 'governance'. The Fed's intervention to 'buy mortgages' is not a…

This comment is a good example of why popularly-controlled central banks fail within a generation. The lack of understanding is understandable. The insistence on doubling down on it is not.

Re: China mortgage boycott data erased by censors as crisis spreads

#315

Post by throwaway4aday »

vkou wrote: post #18
throwaway4aday wrote: post #13

Earlier quoted context omitted.

The current Chinese government certainly is.

Why? It keeps order, it keeps the proles from getting uppity, and it's not much in the business of wealth redistribution (unlike it's liberal democracy counterparts on the other side of the world). Likewise, business as a whole in the US (and elsewhere) has no issue supporting the more authoritarian and repressive of the two political parties. They prefer it, in fact, because of what it does for them in limiting work…

And yet Chinese citizens of all walks of life have been immigrating to my humble neck of the woods for the past decade (and they're welcome to, everyone I've met is super nice and grateful to be here) while I've heard of 0 people moving from my locale to China, I wonder why that is.

Re: China mortgage boycott data erased by censors as crisis spreads

#316

Post by TheMagicHorsey »

vkou wrote: post #11
TheMagicHorsey wrote: post #8

I know there are enormous profits to be made in China, but I wonder if American investors ever think to themselves ... by investing in this place I am strengthening a regime that ultimately is the enemy of my values.

China is not at all incompatible with those values. And even if it were, that wouldn't be an issue - business interests on the whole have consistently been a strong ally of fascism and authoritarianism.

China is compatible with democracy, a free market, and rule of law?

Yeah, I think there's a reason the best and brightest in China often try to immigrate to the USA, Canada, Australia, etc. Its not for the food, believe me.

Re: China mortgage boycott data erased by censors as crisis spreads

#317

Post by whycombinetor »

HWR_14 wrote: post #230
whycombinetor wrote: post #117

The US mortgage delinquency rate was 2.13% in Q1 2022 ( https://fred.stlouisfed.org/series/DRSFRMACBS ). It was 4% in 2016, 3% in 2018. Why should an observer/investor be worried that "Non-performing loans [...] could reach as much as [...] 1.4% of the outstanding mortgage balance"?

Your numbers don't measure the same thing. Non-performing is a subset of delinquent, meaning likely to end in foreclosure. If you don't pay your mortgage, you go to delinquent and then a few months later to non-performing.

Thank you - indeed I should be comparing against https://fred.stlouisfed.org/series/QBPLNTLNNCUR which is only 0.8%.

Re: China mortgage boycott data erased by censors as crisis spreads

#318

Post by bigcat12345678 »

thriftwy wrote: post #312
bigcat12345678 wrote: post #311

Earlier quoted context omitted.

Not sure what you are talking about. I am talking about China's geopolitical objectives. As for Pol Pot's sadistic crazy butchering, that's a separate topic. If you want to discuss the moral objectives of China's wars, we can have another thread. I definitely have a lot to say as well.

China had a sadistic crazy butchering ally, they've failed to keep that ally regime from being toppled by Vietnam, China has invaded Vietnam but was met by stiff resistance and had to retreat (which looks much more like a defeat rather a draw, especially given the difference in size between parties) and of course China no longer had the Cambodia - Vietnam did not occupy it either but I'm not sure they seriously plann…

Well that's part of the quotes from Wikipedia. This comment basically describes a part of the overall results.

My conclusion still stands, China achieved its political goal: Vietnam got contained into its limited sphere of influence.

Re: China mortgage boycott data erased by censors as crisis spreads

#319

Post by bigcat12345678 »

inglor_cz wrote: post #263
bigcat12345678 wrote: post #208

Earlier quoted context omitted.

Who is paying the royalty for gun powder?

Uh, this is disingenuous. Patents are limited to 20 years, and for a good reason. (I would wish for much shorter copyrights, too, or at least for the need to register and pay them after X years.)

You are missing the point.

In the era there is no royalty system at all. The moment royalty was introduced, it was unfair, unequal, already with a clear economy and political agenda.

Re: China mortgage boycott data erased by censors as crisis spreads

#320

Post by bigcat12345678 »

chaostheory wrote: post #223
chaostheory wrote: post #148

Earlier quoted context omitted.

Very clever. I love how he’s able to talk about the Cultural Revolution, Trump, and the One China Two Systems policy veiled in US history. Pure genius. I still prefer the Russia and Putin on though since it’s more specific to Xi.

Didn’t mean Trump. I meant he was talking about Xi using Trump. Xi is China’s Trump afterall

Xi is China's Trump?

This is a quite uninformed perception on both xi and Trump. This is so ridiculous that it can only mean that it's made by someone who is ignorant of both Chinese and US pilitics.

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