Real estate giant China Evergrande will be liquidated
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Re: Real estate giant China Evergrande will be liquidated
#2What will the creditors even get? Unfinished projects? That seems like more of a burden than anything. Zoinks!
Re: Real estate giant China Evergrande will be liquidated
#3Re: Real estate giant China Evergrande will be liquidated
#4I hope this event has limited international implications, but I'm afraid it may be a mess.
Re: Real estate giant China Evergrande will be liquidated
#5What will the creditors even get? Unfinished projects? That seems like more of a burden than anything. Zoinks!
It’s worse than that. They have unfinished projects with units that have already been bought on mortgage. You have people making monthly payments for unfinished apartments (and I don’t mean just unrenovated, which is expected).
That guy who was banned from trading in Hong Kong in 2016 for shorting the stock in 2012 must feel vindicated, at least.
Re: Real estate giant China Evergrande will be liquidated
#6I cant help but recall a 2015 Peter Theil interview with Tyler Cowen [1] where he talked about the black magic predictive power of company names. Hard to unsee a company called "ever bigger" getting overextended.
Re: Real estate giant China Evergrande will be liquidated
#7I cant help but recall a 2015 Peter Theil interview with Tyler Cowen [1] where he talked about the black magic predictive power of company names. Hard to unsee a company called "ever bigger" getting overextended. https://conversationswithtyler.com/episodes/peter-thiel/
There’s a word for that self-fulfilling prophetic philosophical/hypothetical principle: nominative determinism.
Re: Real estate giant China Evergrande will be liquidated
#8What will the creditors even get? Unfinished projects? That seems like more of a burden than anything. Zoinks!
It’s worse than that. They have unfinished projects with units that have already been bought on mortgage. You have people making monthly payments for unfinished apartments (and I don’t mean just unrenovated, which is expected). That guy who was banned from trading in Hong Kong in 2016 for shorting the stock in 2012 must feel vindicated, at least.
Jim Chanos?
Re: Real estate giant China Evergrande will be liquidated
#9I cant help but recall a 2015 Peter Theil interview with Tyler Cowen [1] where he talked about the black magic predictive power of company names. Hard to unsee a company called "ever bigger" getting overextended. https://conversationswithtyler.com/episodes/peter-thiel/
There’s a word for that self-fulfilling prophetic philosophical/hypothetical principle: nominative determinism. https://en.wikipedia.org/wiki/Nominative_determinism
For a long time I thought Bernie Madoff was a joke on this because he 'made off' with everyone's money.
It's almost as bad as the people who gave Ponzi their money despite the hint being right there in his name /s
Re: Real estate giant China Evergrande will be liquidated
#10What will the creditors even get? Unfinished projects? That seems like more of a burden than anything. Zoinks!
It’s worse than that. They have unfinished projects with units that have already been bought on mortgage. You have people making monthly payments for unfinished apartments (and I don’t mean just unrenovated, which is expected). That guy who was banned from trading in Hong Kong in 2016 for shorting the stock in 2012 must feel vindicated, at least.
You neglect to mention that they are unfinished on purpose.
In reality these "homes" are nothing more than a concrete box for legal/tax reasons.
These are second or third "homes" for people that were purchased as a poor investment.
The investors should eat the losses.