16-07-2022, 10:03 AM
A dried out Banana
Europe under geoengineering attacks TEMP>40 deg. C
![[Image: Screenshot-from-2022-07-16-03-09-25.png]](https://i.ibb.co/r0qvWXn/Screenshot-from-2022-07-16-03-09-25.png)
Europe under geoengineering attacks TEMP>40 deg. C
![](https://i.imgur.com/CLvY2jA.png")
China : Property buyers from across 22 cities default on mortgages
![[Image: Screenshot-from-2022-07-16-10-05-56.png]](https://i.ibb.co/N6KJS0P/Screenshot-from-2022-07-16-10-05-56.png)
16-07-2022, 10:08 AM
(16-07-2022, 06:35 AM)kokee Wrote: china economy crashing with 0.4% GDP growth, no money with govt deficit of almost $6 trillion this yr.
property & banks crash across whole china now.
people jobless, many money in banks cant withdraw, bond default, stock down, inflation surges!!
total debt burst, bubble burst!!
二季度GDP0.4%，赤字五万亿
Chinese citizens boycott mortgages in 86 cities
still 22 cities? as above already 86 cities, almost 300 projects stop paying housing loan.
china 1 project easily 3.5k units, so easily 1 million units unfinished units stop paying, still has easily 40 mil units abandon to pay housing loan, ton more to come!!
Chinese Middle Class' "Let it Rot": Homebuyers stop paying on over 235 unfinished properties-July 15
16-07-2022, 10:09 AM
Bankrupt loser kokee
Who let the slave kokee stooge’s out woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof
https://media.tenor.com/images/74cb0f891.../tenor.gif
Who let the slave kokee stooge’s out woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof
https://media.tenor.com/images/74cb0f891.../tenor.gif
16-07-2022, 10:27 AM
Equity
we r in the feel good phase
![[Image: Screenshot-from-2022-07-16-10-24-08.png]](https://i.ibb.co/nqpzmyM/Screenshot-from-2022-07-16-10-24-08.png)
NB
As we r at +10% CPI present position is not cheap at all
5.1T of wealth have been wipeout. They pray for a soft landing
we r in the feel good phase
NB
As we r at +10% CPI present position is not cheap at all
5.1T of wealth have been wipeout. They pray for a soft landing
16-07-2022, 10:58 AM
(16-07-2022, 06:03 AM)sgbuffett Wrote: If value of property drop so fast below your outstanding loan, it does not make sense to service the loan.
https://www.businesstimes.com.sg/real-es...-mortgages
it did happen in spore way back ard mid 1980
my property contractor relative told me that
16-07-2022, 11:01 AM
Once you see your loan banker changed, you have to be prepared for the next move.
16-07-2022, 11:05 AM
aiya negative ppl look at how bad things can become, whereas positive ppl look at how good they can be.
a friend bot a property at 1.8m, later dropped to 1.5m. now 3m+ already
a friend bot a property at 1.8m, later dropped to 1.5m. now 3m+ already
16-07-2022, 11:15 AM
(16-07-2022, 06:03 AM)sgbuffett Wrote: If value of property drop so fast below your outstanding loan, it does not make sense to service the loan.
https://www.businesstimes.com.sg/real-es...-mortgages
Try doing the same protest in SG in front of DBS office...
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