Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    China’s Stock Market Closed As Gold And Silver Surge Continues, But Here Is The Real Surprise

    Lobo
    Lobo
    Lobo
    Moderator
    Moderator


    Posts : 28411
    Join date : 2013-01-12
    • Post n°1

    China’s Stock Market Closed As Gold And Silver Surge Continues, But Here Is The Real Surprise Empty China’s Stock Market Closed As Gold And Silver Surge Continues, But Here Is The Real Surprise

    Post by Lobo Tue 06 Oct 2015, 6:32 pm

    China’s Stock Market Closed As Gold And Silver Surge Continues, But Here Is The Real Surprise
    China’s Stock Market Closed As Gold And Silver Surge Continues, But Here Is The Real Surprise Screen-Shot-2015-10-06-at-5.28.08-PM-864x400_c
    On the heels of the recent market collapse in China, look at this fascinating note that was sent to King World News:
    Home Ownership in China A Distant Dream



    “I live in China and the problem here is not demand. Nor is it supply. The problem is that due to ever rising property prices in top tier cities (where the jobs are), only a small, very wealthy group of people can actually afford to buy apartments…

    In Volatile Markets, Is Wealth Preservation King?
    In a King World News interview I spoke with the man who predicted the Swiss National Bank would experience staggering losses and that the Fed would also experience massive losses that will destabilize the global financial system! His company is the only one in the world offering a precious metals investment service outside the banking system, with direct ownership and full control by the investor. He has also become legendary for his predictions on QE, historic moves in currencies, and major global events. To find out what he and his company can do to help answer that age old question for you CLICK HERE.
    China’s Stock Market Closed As Gold And Silver Surge Continues, But Here Is The Real Surprise GoldSwitzerland-New-Ad-PicSponsored

    You only need to look at the average price per square meter in top tier cities like Shenzhen or Beijing, where one square meter costs from 40,000-100,000 RMB. That means the average apartment for a small family costs between 3-10 million RMB. When the average salary in top tier cities is 3-5000 RMB per month, home ownership is a distant dream for a very large portion of the population.
    China’s Stock Market Closed As Gold And Silver Surge Continues, But Here Is The Real Surprise Screen-Shot-2015-10-06-at-5.28.08-PM
    Sure, those that can’t afford a house in the city can buy outside the city, but whats the point of buying a house you will only live in on holidays, while you must still pay rent in the city? While a small portion of the Chinese population (the wealthiest), would surely suffer greatly from a housing price collapse, overall, to create a healthy real estate market and to allow more of the population a better chance at the “Chinese dream”, the best thing that could happen in China is a collapse of the housing market.
    This would allow the housing prices to fall in line with the general population, rather than what has been going on now for years, which is a tiny percentage of the population buying up everything in sight, while the vast majority are left with only two options: Borrow from both sides of the family for a huge down payment and become a “mortgage slave” for most of your life, or let home ownership remain a dream.”
    King World News note:  Based on that ground level report, it certainly appears that the Chinese housing market is still priced in the stratosphere.  The only question is:  What kind of chaos would ensue in China’s financial system if the housing market really collapsed?
    • Back to top
      Current date/time is Mon 27 Mar 2023, 11:26 am