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Hong Kong real estate shares tank


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2012 Oct 29, 10:51am   816 views  1 comment

by Biff Baxter   ➕follow (0)   💰tip   ignore  

http://www.todayonline.com/Business/EDC121030-0000022/HK-real-estate-shares-tank?source=Patrick.net

Oct 30, 2012 HONG KONG - Real estate stocks in Hong Kong plunged by the most in seven months yesterday, as investors locked in profits in the outperforming sector on worries that surprisingly tough new measures to cool soaring property prices will sap demand from non-resident buyers.

#housing

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1   everything   2012 Oct 29, 1:03pm  

RE is so investment driven these days, 20% in 9 months?, it's such easy money, and a great way for banks to suck money when the properties eventually fall into the hands of an owner who just wants to live in the damn thing. It's so driven by speculation, I've seen swamps with RE sign in the swamp, here come by this swamp in this here flood plain. Lots of stupidity, greed, and for many people I know, you don't own one property, you own several.

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