Real estate giant China Evergrande will be liquidated

Post by hmm37 » Tue, Jan 30, 2024, 1:26 AM UTC

berserk1010 wrote: post #146

loeg wrote: post #139

Earlier quoted context omitted.

A little bit, maybe, but probably not entirely. The joke is that debt investors have no memory. For example, Argentina has defaulted many times in recent memory but was still able to market a 100-year bond in 2017 (which it has already defaulted on).

miohtama is actually correct. Foreign investors have snatched back nearly 90% of the money they put into Chinese stocks this year (2023) https://markets.businessinsider.com/news/stocks/china-econom... Foreign investment in China turns negative for first time https://asia.nikkei.com/Economy/Foreign-investment-in-China-...

Post by lmm » Tue, Jan 30, 2024, 1:30 AM UTC

onlyrealcuzzo wrote: post #81

brianwawok wrote: post #76

Earlier quoted context omitted.

Your math just says the median person doesn’t buy a condo. If only the top 10% can afford them, that’s still a huge pool of people. Pretty sure median US income can’t afford a condo in NYC.

At the end of the day - prices need to be supported by incomes (buyers or renters) or magic beans.

Post by coffeebeqn » Tue, Jan 30, 2024, 1:38 AM UTC

Kon-Peki wrote: post #127

Animats wrote: post #43

That's going to be a tough liquidation. Who wants to buy a half-finished building abandoned during construction due to lack of a market? Such things have negative value.

> Who wants to buy a half-finished building abandoned during construction This is actually not a big deal at all if you are following modern high-rise construction techniques.

Post by hmm37 » Tue, Jan 30, 2024, 1:42 AM UTC

berserk1010 wrote: post #49

A couple of things to note: 1.) Why did it take Evergrande 3 years to liquidate? In western countries, liquidation happens in a few months. One should note that Evergrande did not get that big by itself; obviously it had the support of CCP elites to secure huge bank loans. Therefore, when it went bankrupt, the delay was to allow these elites to pull money/liquidable assets out of Evergrande. Thus after 3 years, Everg…

Post by hmm37 » Tue, Jan 30, 2024, 1:55 AM UTC

berserk1010 wrote: post #92

yorwba wrote: post #82

Earlier quoted context omitted.

There's probably a dozen people reading this thread who know enough Mandarin to handle a few short Douyin videos if you could provide us with links. Though as a platform it lends itself well to amplifying extreme claims backed by speculation that play into people's fears, so unless the accounts in question have a history of well-sourced factual reporting, I'd be rather skeptical.

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