China has more billionares than the usa. About 600 of them so if 25% of them decide on a whim to purchase a 5 million dollar+ house which would be like less than 1% of their networth. Not even counting the millionaires leave the condos for those guys right lolz.
Shit gets crazy ww3 whatever how do you think thats going to affect our housing market?
That would also be JUST china what about the rest of the wealthy in the world? Think they are going to hang out in london while the muslim invasion continues?
Yeah silly great depression with container ships the size of 235 olympic swimming pools coming from china and going back EMPTY..... everything is fine it can just keep going on like that forever. Thats how FAIR trade works!
http://www.zerohedge.com/news/2015-1...p-ever-dock-us
Wonderful system really, they send you good/junk, you send them money/credit, which they use to buy your best assets while you continue getting poor and they continue to getting rich.
Quote:
Originally Posted by jasonturbo
Yeah you're right, 30% contraction in GDP YOY is only like.. you know.. the great depression. |