- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 2/6/24 at 4:12 pm to SlowFlowPro
quote:
This story makes me fear China is in a lot more trouble than the Canadian housing market.
I have no doubt China is F'd and has been a paper tiger financially for a while now. Evergrande is just really ramping up and the fallout hasn't begun to be felt.
Posted on 2/6/24 at 4:13 pm to stout
I wonder if the CCP could hook me up with a beach house.
Posted on 2/6/24 at 4:14 pm to stout
Legally, there isn't much Chinese people can invest in, and nothing that we would consider solid. That's why those with means invest abroad. The CCP has been cracking down on this (because they want that money invested in Chinese bullshite), so the investors have to park it quietly.
The crucial part is how do those investors get out of China once the paper tiger starts to rip apart.
The crucial part is how do those investors get out of China once the paper tiger starts to rip apart.
Posted on 2/6/24 at 4:15 pm to rundmcrun
The Canadian real estate bubble is massive.
Posted on 2/6/24 at 4:17 pm to stout
quote:
Also, this is yet another good reason the USA needs to prevent China from owning any property here
Way too late for that.
Posted on 2/6/24 at 4:17 pm to SlowFlowPro
quote:
so the investors have to park it quietly.
It always confused me why the Chinese honed in on Canada but seeing in this article how easy HSBC made it for them it makes much more sense.
quote:
The crucial part is how do those investors get out of China once the paper tiger starts to rip apart.
Also, what will that do to the properties in CA? The ones that are vacant but not mortgaged will just become zombie properties.
Posted on 2/6/24 at 4:20 pm to SlowFlowPro
quote:
“You will own nothing and like it!”
China is the enemy of the "globalist" boogeyman, so I don't understand how their disruption of a "globalist" city like Toronto furthers the "globalist" agenda.
Right. This story fits his "own nothing" quote more
Posted on 2/6/24 at 4:21 pm to stout
quote:
If these loans are fake and not being paid then HSBC is in trouble.
Depends on if they've been securitized yet or are still sitting in a warehouse. If they've been securitized already it should be interesting to see the rating and the diligence come out in the following lawsuit.
Posted on 2/6/24 at 4:21 pm to stout
quote:
It always confused me why the Chinese honed in on Canada
They can't frick around with the US capital markets post 2008 regulations.
Posted on 2/6/24 at 4:23 pm to billjamin
quote:
If they've been securitized already it should be interesting to see the rating and the diligence come out in the following lawsuit.
I know it's Canada but after 2008 forgive me for not putting stock into credit rating agencies
Posted on 2/6/24 at 4:24 pm to SlowFlowPro
quote:
China is the enemy of the "globalist" boogeyman
Yes but wouldn't you agree that this is because China has their own "globalist" vision...?
Posted on 2/6/24 at 4:29 pm to stout
The banks will cry foul and ask for the tax payers to save them knowing full well their approval process (or lack thereof) is 100% to blame. It’s a very profitable industry.
Posted on 2/6/24 at 4:38 pm to stout
My buddy moved back to the south from Toronto.
Said it just got too much to live there and he realized he would have to live in a shitty apartment the rest of his life if he stayed there.
Said it just got too much to live there and he realized he would have to live in a shitty apartment the rest of his life if he stayed there.
Posted on 2/6/24 at 4:47 pm to stout
quote:
Why would they park money in Canada's real estate market
There is a lot of Chinese money that needs to be in something other than Chinese assets. There is a collapse coming in China that will destroy the value of the yuan.
They are desperate to get in anything else, even if it depreciates.
Posted on 2/6/24 at 4:58 pm to stout
quote:
I know it's Canada but after 2008 forgive me for not putting stock into credit rating agencies
They were supposed to get their shite together after it, thats why i'd love to see how they rated these if they did.
Posted on 2/6/24 at 6:10 pm to stout
I was thinking, what’s stopping them from doing this everywhere?
The CCP could set up fictitious companies and send people out to get fraudulent loans to buy property.
Invade a country without firing a shot.
The CCP could set up fictitious companies and send people out to get fraudulent loans to buy property.
Invade a country without firing a shot.
Posted on 2/6/24 at 6:34 pm to stout
quote:
Why would they park money in Canada's real estate market?
You not seeing the bubble they are creating? They are buying for the strict purpose of inflating the market then selling out.
Posted on 2/6/24 at 6:42 pm to Clames
quote:
You not seeing the bubble they are creating? They are buying for the strict purpose of inflating the market then selling out.
Eh, maybe. I bet most aren’t. I bet this is guys like sky screamer Stout overlooking something.
Most Asians live in tight knit communities and households. I wouldn’t doubt a vast majority of these are one person learning how to buy a house and they all have 15 people living with them. There’s not many Chinese that have just a single person or even 2-3. One hair dresser can’t afford a $1 mil mortgage, but 5 in the same roof could.
Posted on 2/6/24 at 6:49 pm to baldona
Hardly, takes a special kind of ignorance and poor education not to know what China is doing to damage Western countries and inflate its own economy. It's spent the last few decades squeezing what it can out of its own people to build a massive middle-class with inflated buying power it's turning its sights on poor countries for their mineral resources and rich countries for their capital investments.
Page 2 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News