Saturday, August 31, 2019

HONG KONG REAL ESTATE SPECULATION, HOUSING

I HAD been, PREVIOUSLY, following peculiarities of inflated HK real estate speculative bubble--LIKE HERE AND ELSEWHERE, impoverishing MOST EVERYONE except for usual PRIVATE financial interests, flipping/selling houses, sometimes same day, tax abatement, cheap, almost free, money, thanks to Fed Stimulus policies, QE,  BUT, answer below is NOT THE/A answer, just another way around same problem, like here, changing PRIVATE REAL ESTATE development, investment, profit, to different hands, creating a stock market asset, investment tool, bubble, instead, VARIATIONS ON SAME THEME!:

https://www.asiatimes.com/2019/08/article/how-bond-vigilantes-could-topple-hong-kong-tycoons/


Below just a few random links discussing HK housing crisis.

IF people HERE, victimized, exploited, indentured, by SIMILAR astronomical, rising, housing, rental, prices, cost, speculative, luxury, development, exploded like HK they would be arrested, jailed, killed, on the spot!!
Trump probably would talk about "first responders" and what a Great job they're doing!!
But, a NATION of homelessness exists, a housing crisis, with everyone else mortgaged in perpetuity to ARTIFICIALLY inflated tax liabilities, property assessments, rents:


https://en.wikipedia.org/wiki/Housing_in_Hong_Kong

https://mothership.sg/2018/08/hong-kong-media-praise-singapore-housing/

https://www.scmp.com/comment/insight-opinion/article/2139059/dont-blame-developers-hong-kongs-land-shortage-government

https://www.forbes.com/sites/beelinang/2015/04/03/hong-kong-real-estate-is-the-lack-of-land-a-myth/#7ab682466898

No comments: