Quote:
Originally Posted by iEatClams
Well with the CAD$ going down, means it will make it cheaper for foreigners to buy our assets like Real estate.
|
The thing is, how much more foreign investment can come?
China is in a shithole of its own, wiping out trillions of value within a month frame. Everyone I knew with investment in Chinese stock had lost money.
With the CAD continuing in decline, how attractive is our RE to foreign buyers really?
A Chinese buyer who closed RE just last friday lost almost 2% in exchange rate alone.
I was reading Financial Post or something saying that China is eying resources properties worldwide now that they are "bargain cheap", so investors should watch those stocks. I laughed my ass off... China has no money now. They lost billions in their previous investments, their economy is switching to a domestic demand model, which itself is tanking. Their factories are operating with capacity surpluses and quality jobs started to be hard to find. Foreign investment are starting to flee (you can see the outflow of foreign reserve). Sure they will continue to buy, but the rate would not be anywhere close than before and much less likely in resources as in every forecast think they are going lower.
I think it's about time to start changing mind about Chinese investors. They are no longer as rich as we think before.