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almost 70million apartments remain empty in China as speculators have way overpriced them from Chinese consumer affordability
http://www.inverse.net/Chinese_Real_Estate_Inverse_ETF.html
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China real estate going to implode
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We have this one going down but only for a very short period and based only on stock history charts:
http://www.stocktruth.com/chart.php?symbol=TAO
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for people who don't live in China, they are easily confused by the seemingly boom without knowing the danger bured under it. pyes, the price itself stays unchanged or even higher, but there is so much promotion asociated with it, which is equavelent to a high discount -- so that the selling can cut the price without confessing the price is falling.
besides, with so many banks running low of cash due to the subprime bubble in US, many of them need to sell their holdings in China and withdraw cash to strengthen their cash reserve. this has been reflected on the decline in Chnia's stock market and will soon be so on real estate market.
I am not sure whether there is going to be a collapse. but i am very sure the boom is not to be seen again.
Recs
US Housing may be slumping, but not China's. With housing prices soaring in China, and urbanization occurring at a rapid rate, I see TAO reaping some major benefits.
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Chinese migrations into cities and much much more will help to raise the value of this ETF
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