Answer to 怎么理解“欧元之父”这段点评中国房地产

I said I am level 3 investor. Somebody said I am level 10:) Whatever, I don't know much of level 1, 2:) I tried to trow my view here.

Current Shanghai, Beijing housing market is the 金圆券 printed by the local government and realtor. People with money will lose money by inflation. They want to invest but have no other place to invest except the 金圆券, In order to continue the game year after year, the local government will push the price up and up even if it could be against the interest of the central government.

Secondly as the RMB appreciating, foreign capital wants to take the ride too by buying realtor assets.

As the RMB peaks, say 5:1, foreign capitcal will take profit. That will drive down the RE price. Yet the key factor is if China will become a free capital flow country. If it will, the Chinese people will even trash their RE and by US treasury bond.

所有跟帖： 

• US treasury will be garbage within 5 years ... -ra95- ♂ (18 bytes) () 06/26/2007 postreply 06:17:48

• Could you explain in details -Sunflower28- ♂ (134 bytes) () 06/26/2007 postreply 12:21:43

• China market is a time bomb, but the expiration time -miat42- ♂ (156 bytes) () 06/26/2007 postreply 09:21:55

• Typo: I meant "...worst time bomb to SUCK everybody in..." -miat42- ♂ (0 bytes) () 06/26/2007 postreply 09:22:56