Will the chinese stock market crash and Greece issue lower the irvine home price

Will the chinese stock market crash and Greece issue lower the irvine home prices?

  • Total voters
    41
  • Poll closed .
NEW -> Contingent Buyer Assistance Program
The tale of two threads. 

Btw you already posted the same topic. Also, there are already topics that talk about the Greek crisis and Chinese stock market.
 
No.  Both event are pretty isolated to US economy and especially isolated to Irvine housing market.

Chinese stock only been down for 1 month and it's still positive YTD.  Look at US's 1929 stock market crash, it lasted almost 3 years.  If Chinese market continues it's downward spiral for extended period of time, then all hell broke loose and anything can happen.


djia.png

 
No.

Greek issues are largely an European issue.  EU has been down for awhile...probably just means low LIBOR rates for the foreseeable future.

Chinese stock market has always been an unicorn fantasyland propped up by restrictive Chinese investment laws and Chinese central government.  The Chinese government is pumping a ton of money into the market to keep it up.  It's not a true indication of the Chinese economy (which is slowing but still at 4-5 % growth)

Interestingly enough.. the recent foreign issues have led to a drop in the  10 year bond yield  (which may mean lower interest rates).  It shows that people are pulling money out of foreign markets and pitting the money in a safe investment like US Tbills.
 
Good read here,
http://www.cnbc.com/id/102821710

Will Chinese buyers flee or flood US housing?

Turmoil in the Chinese stock market could have a quick and direct effect on U.S. housing. From newly built homes in Irvine, California, to Miami condos to Manhattan luxury towers, Chinese money has been flowing freely. The question now is, will trouble in the Chinese stock market translate into more or less cash coming into American neighborhoods?

"My conclusion on China is that those who are buying U.S. real estate are doing it with a very long-term view?to diversify their assets, provide a safe haven in case something happens at home," said John Burns of California-based John Burns Real Estate Consulting. "I don't think a 30 percent stock correction after a relatively recent 150 percent boom changes much of that. If you told me the economy was going negative, their shadow banking system was exploding, or the government clamped down on foreign investment, then I would be concerned."...
 
No
People tend to not put all their eggs in one basket, and they shouldn't.
Those with money, will still buy here as diversification and the Chinese stock market is just a portion of their portfolio. It went down 30%, but still up a whole lot from last year.
 
If greenwood, baker ranch and beacon park all sells out by year end, we know where it all got sold to...
Beacon park, grand opening 8/15, grand closing 8/16
 
You must log in or register to reply here.
Back
Top