Comments 1 - 4 of 4 Search these comments
This is an excellent comment. I wonder if people come to Hong Kong and London seeking a safe place to put money or they want to be "in the center of things." Certainly the increased housing prices push some locals out of the market. But all of the capital influx and spending certainly helps the local economies.
are snapping up prime houses and apartments in the likes of London and Hong Kong.
This crap just kills me so is this supposed to make me jealous or envious of these "investors" snatching up LOL these places? Is this why so many high-end properties are dying on the market in those cities? JESUS CHRIST what manipulation.
are snapping up prime houses and apartments in the likes of London and Hong Kong.
This crap just kills me so is this supposed to make me jealous or envious of these "investors" snatching up LOL these places? Is this why so many high-end properties are dying on the market in those cities? JESUS CHRIST what manipulation.
Reader
These are not investors, but Chinese oligarchs trying to get thier money and family out of China as they know they will be the first one against the wall when the revolution comes.
This is an excellent comment. I wonder if people come to Hong Kong and London seeking a safe place to put money or they want to be "in the center of things." Certainly the increased housing prices push some locals out of the market. But all of the capital influx and spending certainly helps the local economies.
Think return of capital rather than return on capital and you have your answer. Due to the massive printing of money happening all over the world, people are looking for ways to protect their wealth. RE has proven to be a safe income-producing asset and an inflation hedge through out history. It's not a surprise that wealthy folks are buying RE in prime locations. Sometimes return of capital is much more important than return on capital.
http://www.slate.com/blogs/breakingviews/2012/09/04/urban_real_estate_may_not_be_such_a_safe_haven_.html
#housing