Post by
deisman03 on Feb 08, 2024 12:02pm
RE China in tough times
Real Estate in China is a SYMPTOM of a systemic failure that came about because orther factors in the system are not functioning properly.
Their government has taken their eye of the ball or the corruption has gotten far worse than we can see at the levels we operate.
China and the US pretty much dictate the financial ebbs and flows all over the world.
If either of them collapse, in any sector, the rest of the world will feel the aftershock.
When it's time to build it back up again, the rest of the world economies will tag along for the crumbs, if any left behind.
There was a very good reason to build China up into the superpower they've become.
World peace made it necessary.
Very nasty chess game, often with very shaky game plans.
All of the pocket wars around the world are having telltale effects on the world economies.
For many folks, they're right back where they were 75 years ago as far as their personal safety and well-being are concerned.
There seems to be a new era of "colonialism" trying to raise its ugly head going on between nations fighting wars that are centuries old, for the same reason. Mostly dwindling resources and more consumers using them up at a critical rate.
This creates a lot of flux in all world economies and their markets.
Finding a safe place to hide or park money may not be possible.
Again, just IMHO.
GLTA the good folks here