I’m dying.
hang in there. Its already bounced back about 150 pts or so
Anybody buying into this?
Im waiting, maybe until mid October then I’m going to park a substantial chunk of my portfolio cash into dividend stocks and dividend etf's and call it a day.
I need to start focusing on living and spending money like you.
Evergrande is a big deal. Represents something like 2% of China's GDP and employ's 2 million people in various capacities. This is not just Evergrande, it is systemic and not sure if the CCP can stop the dominoes from falling.
I think the implications are larger then most think. While I am not one to predict this Chinese housing crash tsunami will reach the shores of America. I do plan to list a real estate asset in Phoenix metropolitan at 290. per square foot, which my neighbor directly across the street did a week ago today. Sold in two days. I will be more then satisfied with the sale and sit on the cash for future RE opportunities. Disclaimer - I am not a financial advisor nor do I feel the USA bubble is about to burst.Evergrande is a big deal. Represents something like 2% of China's GDP and employ's 2 million people in various capacities. This is not just Evergrande, it is systemic and not sure if the CCP can stop the dominoes from falling.
I think the implications are larger then most think. While I am not one to predict this Chinese housing crash tsunami will reach the shores of America. I do plan to list a real estate asset in Phoenix metropolitan at 290. per square foot, which my neighbor directly across the street did a week ago today. Sold in two days. I will be more then satisfied with the sale and sit on the cash for future RE opportunities. Disclaimer - I am not a financial advisor nor do I feel the USA bubble is about to burst.
Evergrande is impacting the market..that deal is a mess
I find this tweet interesting. Open the tweet and click the translate button.It is going to be interesting to see what China does to shore this one up.
If you read up on this it has the potential to be a serious wide reaching house of cards even effecting us.
It is going to be interesting to see what China does to shore this one up.
Vancouver's real estate is fueled by foreign buyers (majority being Chinese). This will have implications in Canada. Glad I sold at the top!
If you're talking about buying stock, I am today or tomorrow. The monthly deposit to my account is around this time of month. Hopefully it times right and I buy stocks on sale.Anybody buying into this?
This...didn't really think of it.. One of the guys flying in for monster storm is from there. Housing is a touchy subject there with all the foreign nationals.
Same thing back home in hawaii...the statistics of Chinese national buyers is staggering.
you can and be the richest man in the cemetarycant take it with ya Warbucks
The market was due for a correction and this is the catalyst that is going to make it happen. It will no doubt have an impact on the real estate industry and the short term may be painful but on the bright side it will curb China from buying up the U.S. a piece at a time.
Will it? Or will they just double down and buy more here? They are going to put their money where it is safest and that isn’t China.
Down 4.8 in my Robinhood which is my biggest portfolio. I’m really not worried at all. If this one is still down in 2025 I might be a little concernedDown .071% for the day. Not overly worried but of course dont like seeing that. I am pretty diversified myself. I go up less than the market % wise and the same less than market % on the downside.
you can and be the richest man in the cemetary
heard that a while back and LMAO
I ended up less than a 1/2% down.
3/4% for us. We beat the market, LOL.
We'll see what happens tomorrow.