Is there a Global Crisis on its way?
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NEW -> Contingent Buyer Assistance Program
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It really feels like this is their Great Depression coming on....and with the bad 5 yr Teasury auction today and rumors of China selling will we see a re-inversion and long term rates start to climb as teh Fed cuts short term rates? Truly economic tectonic forces pushing against each other - which usually means an earthquake. It's not out of the realm of possibilities for ground zero effects here to be the Irvine RE market. Hopefully a purge of Xi as well. Caveat emptor.Yup, that means it is a lot worse than they are admitting
morekaos
Well-known member
Japan learned this lesson the hard way in the 90s. They kept interest rates at zero or negative for over 10 years. in the end, they emerged OK we’ll see if China can follow suit. Problem is China has a massive population that may not be as compliant and patient. There is real risk of an unsettled working class and Xi knows it…that’s a recipe for kaos
morekaos
Well-known member
Some have noticed…
rumble.com
Chinese Stocks Crash Below 2007 Levels
SOURCE: https://twitter.com/profstonge/status/1750153406621053402 *** The Liberty Daily benefits when you shop using the following links and Code: TLD _ The Liberty Daily Recommends ONE Honest, Americ
rumble.com
I don't think most are aware of Xi's PPT (plunge protection team) plan - force SOEs to liquidate assets and repatriate all cash held overseas to buy shares. The news around Chinese nationals using crypto to get money out of China and HK has been widely reported for non-coincidental reasons. Dimon trashed BTC while in Davis. Trump states he won't back a CBDC. This intersectional dragnet carries a very real risk of puncturing the Irvine RE bubble.Some have noticed…
Chinese Stocks Crash Below 2007 Levels
SOURCE: https://twitter.com/profstonge/status/1750153406621053402 *** The Liberty Daily benefits when you shop using the following links and Code: TLD _ The Liberty Daily Recommends ONE Honest, Americ
irvinehomeowner
Well-known member
So you can add Chinese cash protection into the nefarious use cases for crypto. 
morekaos
Well-known member
So you can add Chinese cash protection into the nefarious use cases for crypto.
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morekaos
Well-known member
Jenga blocks keep falling out…
www.cnbc.com
Evergrande shares halted after Hong Kong court orders liquidation
- Shares of China Evergrande were briefly halted after plunging over 20% in early trading.
- Hong Kong court decision comes after it was reported that Evergrande’s overseas creditors failed to reach an 11th-hour deal this weekend to restructure.
Evergrande shares halted after Hong Kong court orders liquidation
Shares of China Evergrande plunged over 20% in early trading on Monday before being halted.
www.cnbc.com
morekaos
Well-known member
Another victim of corruption (both China and California politicians) and the collapse of the China economy…come on down and tag it before it crumbles onto Staples…
Los Angeles Skyscraper, Unfinished and for Sale, Draws Potential Buyers — And New Ideas
Partially Built Oceanwide Plaza Near Crypto.com Arena Sits on Market for Over a Year
So far, nothing is set about the project's future and no buyer has been identified for the high-profile site at 1100-1198 S. Flower St. near Crypto.com Arena and the Los Angeles Convention Center. Construction halted after China-based developer China Oceanwide said it ran out of cash for the project, featuring a 53-story tower, that has no asking price but that property professionals say could fetch hundreds of millions dollars.
The unfinished structure looming over the downtown of the nation's second-biggest city reflects the economic struggles some property owners across the United States are trying to shake more than three years after the pandemic struck. For Los Angeles, it's also a tangible sign of a pullback in financing among some investors from China in a cooling global economy as the city needs residential housing.
"It can't sit there as blight — especially since we're in a housing crisis," said Hal Bastian, a property broker and former director of development for the Los Angeles Downtown Center Business Improvement District.
https://www.costar.com/article/2030...r-sale-draws-potential-buyers-—-and-new-ideas
Los Angeles Skyscraper, Unfinished and for Sale, Draws Potential Buyers — And New Ideas
Partially Built Oceanwide Plaza Near Crypto.com Arena Sits on Market for Over a Year
So far, nothing is set about the project's future and no buyer has been identified for the high-profile site at 1100-1198 S. Flower St. near Crypto.com Arena and the Los Angeles Convention Center. Construction halted after China-based developer China Oceanwide said it ran out of cash for the project, featuring a 53-story tower, that has no asking price but that property professionals say could fetch hundreds of millions dollars.
The unfinished structure looming over the downtown of the nation's second-biggest city reflects the economic struggles some property owners across the United States are trying to shake more than three years after the pandemic struck. For Los Angeles, it's also a tangible sign of a pullback in financing among some investors from China in a cooling global economy as the city needs residential housing.
"It can't sit there as blight — especially since we're in a housing crisis," said Hal Bastian, a property broker and former director of development for the Los Angeles Downtown Center Business Improvement District.
https://www.costar.com/article/2030...r-sale-draws-potential-buyers-—-and-new-ideas
morekaos
Well-known member
The stench of desperation hangs heavy…
China Considers Government Buying of Unsold Homes to Save Property Market
· Beijing is seeking feedback on preliminary proposal: people
· Move comes as officials vow to address biggest drag on economy
www.bloomberg.com
China Considers Government Buying of Unsold Homes to Save Property Market
· Beijing is seeking feedback on preliminary proposal: people
· Move comes as officials vow to address biggest drag on economy
China Considers Government Buying of Unsold Homes to Save Property Market
China is considering a proposal to have local governments across the country buy millions of unsold homes, people familiar with the matter said, in what would be one of its most ambitious attempts yet to salvage the beleaguered property market.
www.bloomberg.com
The Motor Court Company
Well-known member
sell your houses to Chinese government, and buy houses in the US; expect Irvine home prices to keep going upThe stench of desperation hangs heavy…
China Considers Government Buying of Unsold Homes to Save Property Market
· Beijing is seeking feedback on preliminary proposal: people
· Move comes as officials vow to address biggest drag on economy
China Considers Government Buying of Unsold Homes to Save Property Market
China is considering a proposal to have local governments across the country buy millions of unsold homes, people familiar with the matter said, in what would be one of its most ambitious attempts yet to salvage the beleaguered property market.