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Thread: Real Estate Crash thread
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10-08-2021, 05:02 PM #18526
I won’t be happy until there are taco carts on every corner, like we were promised.
Forum Cross Pollinator, gratuitously strident
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10-08-2021, 05:06 PM #18527
My VW is made in Mexico, as is my TV. Querétaro, near where my parents live, is a major aeronautics producer. TX stands to benefit most from the rise of Mexico, as you need offices in both US and Mexico to do trade. You can get to Mexico City in one days drive from Texas. When you fly to the business places in Mexico, it is almost always through Dallas and Houston. And you need Spanish speakers. If you think things have changed a lot in the US in the last 20 years, it's nothing like the manufacturing centers of Mexico (Querétaro, Mexico City, Leon, Monterrey).
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10-08-2021, 05:15 PM #18528
I don't know. Servicing Mexican manufacturing transit isn't exactly a life's dream for a lot of kids and doesn't sound too lucrative. The financing, which I would think is profitable, can be done most anywhere, but, NYC banks will be in on that. Like I said, truck stops as the goods go north to better heeled customers.
I mean, China is real far away, but, we seem to deal with the management of all that with the internet and plane flights and ships.
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10-08-2021, 05:28 PM #18529
Why do you think Vancouver, Seattle, Bay Area and LA have been crushing it the last 20+ years? Obviously lots of reasons but proximity to China is one of the biggest factors. Ya, you can run MX business from NY just like you can run China business from NY, but for whatever reason, the places in the US that become trade centers are closest to that country we are trading with. Queretaro is not a tourist place and when I fly down there, everyone on the plane is on a business trip. Most are Hispanic businessmen and speak Spanish. It's like a smaller scale China. NAFTA (or whatever it is called now) gives MX a major competitive advantage over China and every other country on earth (well, except Canada).
Queretaro suburb. It looks just like Phoenix down there. They shop at Walmart, Costco, and Home Depot. There are 2,634 Walmarts in Mexico (4,743 in the US).
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10-08-2021, 05:36 PM #18530
To bad the corruption down there is enough to make a US Senator blush and let's not forget MX is a Narco state. Until the gringo's up north legalize drugs, that poor country is fucked. But feel free to put lib stick on that pig.
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10-08-2021, 05:44 PM #18531
"Why do you think Vancouver, Seattle, Bay Area and LA have been crushing it the last 20+ years?"
Chinese money laundering, Microsoft, Silicon Valley, and, Hollywood, in that order.
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10-08-2021, 05:54 PM #18532
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10-08-2021, 05:59 PM #18533
And Trump, Biden, and the one child policy is putting it back in.
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10-08-2021, 06:14 PM #18534
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10-08-2021, 06:53 PM #18535
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10-08-2021, 07:13 PM #18536
Nope. It's their really big problem. In less than ten years, it's going to be a really old country. It's happening faster than it did in Japan. And that's a serious drag on any economy. And, even though the party dropped the one child to two, and maybe a wink and a nod to three, so that repopulation could at least start, ain't really happening. Due to the fact that real estate and good education is so expensive, and the kids have been torn from the family structure to live in these new cities, so, no grandma for child care, the younger couples arent having more than one, like in the western world. Than there's less mothers coming on line, due to the fact there were many more boys born and allowed to grow then girls.
China has some serious issues. Real estate was a huge chunk of GDP for a few decades, and that's obviously popping with the developers going under. That's a shit ton of good jobs. Maybe they can succeed at tech, but, I don't know. If Xi keeps on clamping down on the capitalists to try to create Mao II, wheres the innovation going to come from?
Most people still live in poverty.
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10-08-2021, 07:40 PM #18537
According to the World Bank, more than 850 million Chinese people have been lifted out of extreme poverty; China's poverty rate fell from 88 percent in 1981 to 0.7 percent in 2015, as measured by the percentage of people living in 2011 purchasing price parity terms.
US otoh:
The official US poverty rate in 2020 was 11.4 percent, up 1.0 percentage point from 10.5 percent in 2019. This is the first increase in poverty after five consecutive annual declines
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10-08-2021, 07:43 PM #18538
So, wait. Are you actually trying to say that the average Chinese has anywhere near the same standard of living as an average American? What is wrong with you?
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10-08-2021, 07:49 PM #18539
You didn't say standard of living Benny. You said poverty. There's a (big) difference. That's why our poverty rate is so high. Nothing wrong with me. It's your mumbled blabbering of non facts like Phil Mickelson or something. And obtw: Three child is official policy in PRC. And don't confuse me with an apologist. co-worker of my gf had a forced abortion of a third trimester pregnancy.
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10-08-2021, 08:12 PM #18540
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10-08-2021, 08:25 PM #18541
Phil Mickelson? What the fuck.
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10-08-2021, 08:41 PM #18542
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10-08-2021, 09:01 PM #18543Registered User
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10-12-2021, 07:12 AM #18544
Saw this gem in the comments section of an article about Evergrande in the NYT.
In China, Home Buyers Who Went All In Say They Want Out https://www.nytimes.com/2021/10/12/b...ebt-china.html
"I live in China and NYT's own site (detecting I am using a VPN and perhaps wealthy enough to buy a house abroad) bombards me with ads for property in Vancouver and Toronto. Even Canada's white-hot real estate market is better than investing in China's, the price per square meter is way lower and at least you can own the house and the land it sits on for more than 70 years. If you took Chinese buyers out of the equation, I think North American real estate would cool off considerably."
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10-13-2021, 06:56 AM #18545
This is cool. About 10 years ago they found a human skull on my island. Turns out it was old. Very old. It pre-dated European contact.
Sent from my iPhone using TGR Forums"Zee damn fat skis are ruining zee piste !" -Oscar Schevlin
"Hike up your skirt and grow a dick you fucking crybaby" -what Bunion said to Harry at the top of The Headwaters
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10-13-2021, 09:14 AM #18546
Uh oh. Have you seen Poltergeist?
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10-13-2021, 09:18 AM #18547
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10-13-2021, 09:23 AM #18548
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10-13-2021, 09:25 AM #18549______
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LOL!
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10-13-2021, 09:27 AM #18550
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