CHLN = SELL, SELL, SELL...60 Minutes had a terrible story....
Did you all see the CBS 60 minutes program last night? It painted an extremely bleak picture of the real estate picture in China. Like "bubble" terrible. SELL CHLN at the open folks. This thing is crashing big time!!!
THE bubble was created and controlled by the government. The China government gets 30 to 40% of their revenue from housing and development. The government puts the money back into the infrastructure for jobs and more houses. ZHANG XIN become a millionaire because of real estate. She is investing and growing with the times. The more demand the higher the government fees and investments. The more money brought in. ITS a huge boom time.
no way. the demand is so good the poor cant get into the market because of the rich speculate-rs. The Chinese are excelling at capitalism. They put down over 60% for a mortgage and the price appreciation gives them a payed for house in a few years. The government makes tons of money off the system and invest in infrastructure and jobs which creates more demand for housing. Its called growth chines style. BUY