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Toll Brothers Inc. Message Board

  • sage2123 sage2123 May 30, 2014 8:25 PM Flag

    Chinese Housing Market

    I warned repeatedly about consequences when this bubble popped.

    Well.....

    Recently we showed that in order to goose its fading all-important housing market (to China housing is like the stock market to the US: both mission-critical bubbles designed to give a sense of comfort nd boost the "wealth effect"), China has first resorted to zero money down mortgages across various markets, and secondly to such gimmicks as "buy one floor, get one free." However, that's only part of the story. Even worse is what is not being disclosed to the general public: such as the true state of the housing market in China. Because according to a recent report on Sina, quoted on Investing In Chinese Stocks, when it comes to revealing just how bad things are domestically, Chinese developers are simply pulling a page out of biotech ETF playbooks, and simply not reporting price drops greater than 15%!

    Sentiment: Sell

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34.62-0.32(-0.92%)Jan 30 4:01 PMEST

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