Here was what happened in Hong Kong during last Asian Storm

来源: miat42 于 2007-03-08 12:29:15 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (800 bytes)
本帖于 2007-03-08 21:30:29 时间, 由普通用户 表情符号 编辑
回答: 强烈呼吁反面例子 由 sunnyday01 于 2007-03-08 11:38:33

Hong Kong used to experience super hot RE market. Long lines were formed to buy newly released condos. It's very similar to the US situation. Then Asian financial storm happened, brought down the market. My Dad's friend who bought a lot of condos before the storm. She was once very arrogant and confident. Everytime she came to Shanghai, she would brag about her achievements in Hong Kong. Then the storm came, Hong Kong suffered about 70% drop. Can you believe that? let me repeat 70% drop, a 1 million HKD house dropped to only 300K. Then we no longer heard from her. She stopped talking to anyone. We didn't know what really happened to her. A few years later, we heard that she died of cancer... Some background news, a lot of people went bankrupt during the Hong Kong debacle.

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• A friend of mine bought his 1st condo after -U6D3- ♂ 给 U6D3 发送悄悄话 U6D3 的博客首页 (140 bytes) () 03/08/2007 postreply 12:35:30

• moral of story: it's all about timing -noMatter- ♂ 给 noMatter 发送悄悄话 noMatter 的博客首页 (0 bytes) () 03/08/2007 postreply 12:51:18

• 在美国的老中呢？有没有例子？ -BayFamily- ♀ 给 BayFamily 发送悄悄话 BayFamily 的博客首页 (0 bytes) () 03/08/2007 postreply 13:58:43

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