Nothing to see here you fucking assholes. If you should live in China and report that +38% gains in real estate values are excessive and somewhat alarming, the government will literally harvest your kidneys and feed the rest of your body to state run pigs.
To be fair, prices have moderated a bit. Prices had surged ahead by 61% last year. Interestingly
The value of homes sold rose 38 percent to 941 billion yuan ($138 billion) last month from a year earlier, according to Bloomberg calculations based on data the National Bureau of Statistics released Monday. The increase compares with a 61 percent gain the previous month.
Local authorities in nearly two dozens cities have since late September rolled out property curbs ranging from raising down-payments for first and second homes to ruling some potential buyers ineligible. China’s banking regulator has told banks to review their business related to mortgage lending and property development loans, after China Minsheng Banking Corp. suspended approvals of some non-standard mortgages in Shanghai.
Slower home sales have helped moderate credit growth. New medium- and long-term household loans, mostly residential mortgages, stood at 489.1 billion yuan in October, down from 571.3 billion yuan in September, according to central bank data on Friday. New yuan loans edged down to 651.3 billion yuan last month from 1.22 trillion yuan in September.
In an interesting side note to these exuberant prices increases is that they’re happening during a MASSIVE 40% decline in home sales in 54 Chinese cities.
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You’re in denial…please get over it already and start talking about stocks again. It’s not to late to make IBC great again. Take your beating and move on…….
I am reading the data correctly. I am not offering you any advice, only information. Perhaps you should remove your head from out of your ass. Home values are INCREASING by 40% YOY while sales volumes DECREASE 40% YOY in China and I am supposed to say ‘ok, that’s normal?’
Fuck you.
I could care less about data coming out of China. What I’m saying to you is a general statement. You’re too negative and in in the wrong positions. Time to clear you head, start fresh, and pick stocks. Just one man’s humble opinion.
That’s bullshit. Up until last week, bonds and gold were the best performers. After an epic trump squeeze, you’re not entitled to pretend the market had been great all along.
Better to be early than completely zeroed out. I’ll stick to my guns.
Yes, but the landscape has changed. And I’m sure you’re at least 15% off your highs if not 20+…that means your wrong. If you don’t want to trade don’t trade, but don’t do it half assed, you’re too smart for that….you know you’re in the wrong positions, take action.
Not even close to 15-20%. I had 25% of my assets in TLT and it’s off 7%.
Plus, and this is an important point, I no longer manage money and do not have a fiduciary responsibility, so it’s just my own money. If I was, without question, I’d likely do something reflexive.
And I’m not trading. These are long term holdings based around a core thesis, which is China collapsing.
And the landscape hasn’t changed at all.
cali24dog suspiciously sounding like devildog?