Quote:
Originally Posted by Z3guy
^ I read it and don't get it either....it could go either way....
|
This is what I read.
Quote:
Originally Posted by jasonturbo
Recently I've started to form the opinion that Vancouver's premium housing market is being impacted by a looming economic crisis in China. I believe that the upper business-class Chinese are aware of the current, and largely unreported, economic situation in China, and are laying the framework for a quick and painless exit.
Commodity prices and the recent volatility in the major markets suggest to me that the party is over, reality should sink in shortly, likely on/before the summer sell off/Q2 2016. Don't underestimate how hard it is to escape the burning building when the hallways are crowded with the like minded.
If anything I'm no longer thinking that interest rates will be the prime factor in reducing Vancouver home costs, it will be a global financial crisis due to a significant reduction in growth of emerging markets.
|
First paragraph says Vancouver's booming housing is a result of China people taking their money out of China and buying anything they can get their hands on. When shit hits the fans in China, getting 50% back in the house is better than losing 100% of it to China.
Second paragraph says markets are showing signs of a huge sell off at the end of the 2016 Q2, which will tank the markets. When there is one sell off, then there will be a second. Basically, Black monday all over again.
Third paragraph is pretty self explanitory.