I'm mildly optimistic.
I'm mildly optimistic. I'm recently back from Saigon which went through a similar thing - new builds were stupid expensive against GDP per capita and peaked around 2008 or so. Then: "house prices can drop as quickly as they rise. Vietnam's did with a vengeance in late 2010 as the economy slipped. Prices are down by 50 per cent in some parts of the country, and no one is predicting a rebound. Banks are weighed down with bad debt, much of it secured against property..." Economic growth dropped from about 7% nationally to about 5% and maybe 0% in Saigon but is now back to growing 7%. Property in the overpriced new builds is still down 50% or so but showing signs of recovery - life goes on indeed it's kind of booming just now after being pretty quite a couple of years back. I imagine China will be similar.
Posted by tim333 on May 25, 2015, 1:23 PM
Tags
Related issues
- Not at all, actually.
- A car battery with reduced range is still perfectly useable as a storage battery for a PV system.
- Here in Argentina we are in permanent summer time GMT-3 since a long time, but we should be in GMT-4.
- You should do some basic research yourself.
- Well, actually not.
- I have a 2022 mini that I use constantly.
Raise real-world problems, find people facing the same issue, and discuss solutions.6,500 issues0 comments
pricing (Other)
Not at all, actually.
NewA car battery with reduced range is still perfectly useable as a storage battery for a PV system.
NewHere in Argentina we are in permanent summer time GMT-3 since a long time, but we should be in GMT-4.
NewYou should do some basic research yourself.
NewWell, actually not.
I have a 2022 mini that I use constantly.
Two observation: 1.
Cautiously optimistic for them.
I'm mildly optimistic.
I'm mildly optimistic. I'm recently back from Saigon which went through a similar thing - new builds were stupid expensive against GDP per capita and peaked around 2008 or so. Then: "house prices can drop as quickly as they rise. Vietnam's did with a vengeance in late 2010 as the economy slipped. Prices are down by 50 per cent in some parts of the country, and no one is predicting a rebound. Banks are weighed down with bad debt, much of it secured against property..." Economic growth dropped from about 7% nationally to about 5% and maybe 0% in Saigon but is now back to growing 7%. Property in the overpriced new builds is still down 50% or so but showing signs of recovery - life goes on indeed it's kind of booming just now after being pretty quite a couple of years back. I imagine China will be similar.
Comments (0)
No comments yet. Start the discussion.