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Old 6th November 2006, 04:57 PM
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Imbalance in real estate boom/bust?

While we are invaded by news of the Californian real estate bust, prices in various parts of Asia like Singapore just started the boom after languishing for many years? - http://www.iht.com/articles/2006/09/.../sxsinglux.php.

I think not so simple, might it be Americans transfering money to Singapore in anticipation of USD revaluation??
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Old 6th November 2006, 05:31 PM
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Re: Imbalance in real estate boom/bust?

Quote:
Originally Posted by touchring
While we are invaded by news of the Californian real estate bust, prices in various parts of Asia like Singapore just started the boom after languishing for many years? - http://www.iht.com/articles/2006/09/.../sxsinglux.php.

I think not so simple, might it be Americans transfering money to Singapore in anticipation of USD revaluation??
More like the Chinese Repatriating it.

Where did you get the notion that the US had they kind of money to throw around?

It could be finance from PRC. They are the ones with the cash!
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Old 6th November 2006, 05:44 PM
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Re: Imbalance in real estate boom/bust?

Quote:
Originally Posted by Rubber Duck
More like the Chinese Repatriating it.

Where did you get the notion that the US had they kind of money to throw around?

It could be finance from PRC. They are the ones with the cash!

The PRC masses got some cash, but America has more super rich with even more cash, never mind if half the masses are stuck. The liquidity from wealthy Indians alone would exceed PRC. The same case as in the UK.

Besides, with currency controls, one of the ways to send a million dollars out of PRC is to hug it across the HK immigration.
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Old 6th November 2006, 06:11 PM
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Re: Imbalance in real estate boom/bust?

While I agree that America has more available/tangible cash than China, I don't think the movement is US->Sing. Probably more in the form of REITs than in retail high-end properties.

My view is that Singapore is an individual case of an Asian city doing things correctly. These will happen in the US as well, where individual cities actually have real estate prices increase while the rest of the country watches the bubble burst. Singapore is doing it correctly by increasing their exposure to the financial world by promoting it as the clean version of HK (see the migration of banking and hedge fund operations towards Sing), as well as driving casino interest, which will bring in the big money first (to run/build the casinos) and the mid/low class soon after (via the expected tourism boom).
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Old 6th November 2006, 06:15 PM
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Re: Imbalance in real estate boom/bust?

Quote:
Originally Posted by Neptune
While I agree that America has more available/tangible cash than China, I don't think the movement is US->Sing. Probably more in the form of REITs than in retail high-end properties.

My view is that Singapore is an individual case of an Asian city doing things correctly. These will happen in the US as well, where individual cities actually have real estate prices increase while the rest of the country watches the bubble burst. Singapore is doing it correctly by increasing their exposure to the financial world by promoting it as the clean version of HK (see the migration of banking and hedge fund operations towards Sing), as well as driving casino interest, which will bring in the big money first (to run/build the casinos) and the mid/low class soon after (via the expected tourism boom).
Makes sense and some will of course wish to avoid too much PRC exposure. Singapore is a good alternative.
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Old 6th November 2006, 06:31 PM
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Re: Imbalance in real estate boom/bust?

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Originally Posted by Neptune
(via the expected tourism boom).
Yeh, they are playing the tourism card - they already made it visa-less for people from china and india for 3 days, attracted a lot of streetwalkers.
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Old 7th November 2006, 12:22 AM
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Talking Re: Imbalance in real estate boom/bust?

real estate markets are ALWAYS local

Quote:
Originally Posted by Rubber Duck
More like the Chinese Repatriating it.

Where did you get the notion that the US had they kind of money to throw around?

It could be finance from PRC. They are the ones with the cash!
Are you kidding? No other economy on this planet could throw over $1 trillion down a rathole and still survive.

Last edited by mdw; 7th November 2006 at 01:12 AM.. Reason: Automerged Doublepost
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Old 7th November 2006, 03:05 AM
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Re: Imbalance in real estate boom/bust?

Quote:
Originally Posted by mdw
real estate markets are ALWAYS local

Are you kidding? No other economy on this planet could throw over $1 trillion down a rathole and still survive.

Well, is $1 trillion a lot if you earn $12 trillions?
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Old 7th November 2006, 03:59 AM
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Re: Imbalance in real estate boom/bust?

Quote:
Originally Posted by touchring
Well, is $1 trillion a lot if you earn $12 trillions?
yes? its more than the number of fingers and toes on every person on this planet, more than the number of possible (IPv4) internet addresses, even more than the amount of domains I'll be stuck renewing next year if I dont sell some.

Seriously that money could fund a lot of basic scientific research. The US used to spend money on that - thats where the internet came from. That money could also have fought a lot of poverty or disease, etc. - even more than Bill Gates + Warren Buffet. Yeah that's a LOT.
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Old 7th November 2006, 08:15 AM
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Re: Imbalance in real estate boom/bust?

Yes, money can be earned back, what the US is really losing out is on longer term stuff. While America is busy fighting the radicals, others like China are busy buying up mines, resources, technology, know how, establishing trade routes around the globe.

Last edited by touchring; 7th November 2006 at 08:33 AM..
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Old 24th December 2007, 07:35 AM
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Re: Imbalance in real estate boom/bust?

Quote:
Originally Posted by touchring
While we are invaded by news of the Californian real estate bust, prices in various parts of Asia like Singapore just started the boom after languishing for many years? - http://www.iht.com/articles/2006/09/.../sxsinglux.php.

I think not so simple, might it be Americans transfering money to Singapore in anticipation of USD revaluation??


One year forward.

http://www.homesgofast.com/view_news/583/

Quote:
Singapore registered an annual house price increase of 27.6% (24% in real terms) to end-Q3 2007, significantly higher than the 7.6% price increase over the same period in 2006. In real terms, Singapore was the world’s best-performing housing market, given inflation of only 2.66%.
With the average apartment at 1 million dollars, this translates to gains of $270,000. Add to that, an 8% again in currency, so altogether 35% in US dollars.

This is only the statistical mean, many places doubled in price.

Last edited by touchring; 24th December 2007 at 07:43 AM..
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Old 24th December 2007, 08:52 AM
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Re: Imbalance in real estate boom/bust?

And you were buying gold! If you had borrowed against the properties, you could have leveraged your money about 6 times. That means you could have doubled or tripled your money on real estate. How much did gold actually rise in local currency?
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Old 24th December 2007, 10:56 AM
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Re: Imbalance in real estate boom/bust?

Quote:
Originally Posted by Rubber Duck
And you were buying gold! If you had borrowed against the properties, you could have leveraged your money about 6 times. That means you could have doubled or tripled your money on real estate. How much did gold actually rise in local currency?

More than doubled or tripled. There are cases whereby people made ten times.

Merry Christmas.

Last edited by touchring; 24th December 2007 at 11:38 AM..
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Old 24th December 2007, 11:51 AM
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Re: Imbalance in real estate boom/bust?

And the funny yellow metal thing?
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Old 24th December 2007, 11:55 AM
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Re: Imbalance in real estate boom/bust?

Quote:
Originally Posted by Rubber Duck
And the funny yellow metal thing?


Yellow metal is a hedge when you don't know what to do with the cash.
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Old 24th December 2007, 12:05 PM
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Re: Imbalance in real estate boom/bust?

Quote:
Originally Posted by touchring
Yellow metal is a hedge when you don't know what to do with the cash.
Yes, in other words you would be better spending your time tripping over paving slabs and trying to sue the local authority.

Still, there must be tons here and elsewhere in the domaining world that would queue up for such dead beat investments rather than seize the only really major domain investment opportunity left.

It is like we a living in a world of brain dead zombies. Even Kevin Han walked over the opportunity to pick up Shangdong for $20K in his rush to pick up Perth for $200K. What the hell was he thinking?
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Old 24th December 2007, 12:38 PM
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Re: Imbalance in real estate boom/bust?

Quote:
Originally Posted by Rubber Duck
Yes, in other words you would be better spending your time tripping over paving slabs and trying to sue the local authority.

Still, there must be tons here and elsewhere in the domaining world that would queue up for such dead beat investments rather than seize the only really major domain investment opportunity left.

It is like we a living in a world of brain dead zombies. Even Kevin Han walked over the opportunity to pick up Shangdong for $20K in his rush to pick up Perth for $200K. What the hell was he thinking?

Yes, i don't know what these guys are thinking. But there is a lot of rumors about big deals going on behind the scene. Surely, yourself is involved in some.

Last edited by touchring; 24th December 2007 at 12:46 PM..
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Old 24th December 2007, 01:26 PM
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Re: Imbalance in real estate boom/bust?

Quote:
Originally Posted by touchring
Yes, i don't know what these guys are thinking. But there is a lot of rumors about big deals going on behind the scene. Surely, yourself is involved in some.
Not really very much on my side the odd significant deal.

Not enough to finance the operation. It looks as though I am going to have to go to my father for alternative finance the way things are going. No big deal really but highly embarrassing as he has no concept of the internet, but not as bad as trying to throw pearls to swine on here.

I am going to see through the J-Day campaign I am running. If it flies, it flies. If it don't then it don't. As I say come mid February the idea is going to be to renew for another year one way or another and close the book.
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