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E-House (China) Holdings Limited Message Board

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  • maxschmit777 maxschmit777 May 28, 2008 10:18 AM Flag

    Quake effect

    Sounds like they are dissing properties in outlying regions where they don't have properties. Remember, EJ is a Shanghai-based company.

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    • EJ doesn't even do business in Sichuan province; they're based out of Shanghai and do business in Shanghai, Hongzhou, Macau, Hong Kong and Wuhan. Long long way people from Sichuan province. What the article in the China Daily is alluding to (and I'm currently living/working in Jinan in the Shandong Province and read the article here) is that the property market in Chengdu (capital of Sichuan province) and Chongqing, both very very large cities (Chongqing is at 35+ million in 2 counties and Chengdu at 10 million) will suffer from the earthquake simply because of nervousness of investors to building for fear of future losses from another earthquake. Pretty smart thinking I think. We in the U.S. on the other hand, suffer these devastating losses like Katrina in New Orleans where we have a city built below water level, cities built in the middle of tornado paths and hurricanes, and what do we do?? Spend BILLIONS to rebuild the cities only to go through the same damn thing down the road again in area just rebuilt. I think it is probably rather intelligent thinking on investors here to think twice about putting money into an earthquake prone area.

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