Posts Tagged ‘property market’

Beijing Real Estate Association Admits There’s A ‘Big Bubble’…

Beijing Real Estate Association Admits There’s A ‘Big Bubble’, Supports New Measure To Ban Home Buying

beijing, clusterstock photo Courtesy of Vincent Fernando at Clusterstock 

Beijing on Friday announced a ban on families buying more than one home, in addition to other measures aimed at cooling the city’s hot property market.

China Daily:

As of Friday, "one family can only buy one new apartment in the city for the time being," the municipal government said in a statement. The government also ordered the implementation of central government policies that ban mortgages for purchases of a third or third-plus home.

It also instigated a central government ban on mortgages to non-local residents who cannot provide more than one year of tax returns or proof of social security payments in Beijing. The statement called for "resolutely curbing unreasonable housing demand." It ordered the implementation of measures earlier unveiled by the State Council on second-home purchases.

One of these days, property market tightening measures are going to hit the market hard. It’s fat chance that these regulatory efforts can perfectly balance out the market so that prices simply stop rising and all is calm.

The latest measures, more harsh than those released by the State Council, are aimed clearly at curbing speculation and promoting healthy and stable development of the property sector, Chen Zhi, deputy secretary-general of Beijing Real Estate Association, told Xinhua.

Speculation is the main reason behind high home prices in Beijing, Chen said.

"There exists a rather big bubble in the city’s real estate market. Housing has become more unaffordable for many," he added.

So even the Beijing real estate association is worrying about a bubble. At least give them some credit here. Did America’s National Association of Realtors (NAR) ever caution that the U.S. housing market has a ‘big bubble’? If they did, we don’t recall it.

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See also:  Beijing city limits home-buyers to one new apartment: Media

In The Economic Times

BEIJING: The city of Beijing has issued rules limiting families to one new apartment purchase as authorities try to rein in rampant property speculation and soaring prices, state media reported Friday.  More here.>>


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New home loans up 1,600pc in Shanghai

No bubble here.  You may need to register with scmp.com to read the entire articles. – Ilene

(Thank you, Terry)

New home loans up 1,600pc in Shanghai

Busy Shanghai street

Mainland banks in Shanghai’s red-hot housing market lent 99.58 billion yuan (HK$113.2 billion) in new mortgages last year, up dramatically from 5.8 billion yuan in 2008, as home seekers rushed to buy and prices hit new highs.

The banks lent 38.93 billion yuan to buyers of new residential properties and 60.65 billion yuan to buyers of second-hand homes, the Shanghai office of the People’s Bank of China said yesterday.

Lending soared more than 1,600 per cent compared with 2008, when the property market and overall economy were hit hard by the global financial crisis, the central bank said.

Full article here.>>

Beofre you start worrying, know this. (Classic Chinese oxymoronic title.)

No sign of bubble despite soaring home prices in Shanghai

Shanghai’s residential market shows no signs of a bubble despite a hefty price increase because demand remains strong, according to Jones Lang LaSalle.

Price increases "do not mean that the market has reached extreme valuations that typify a bubble", the real estate service firm said in a report yesterday. "Overall, the policy environment will evolve to keep prices from growing too quickly."..

Soaring home prices on the mainland have sparked asset bubble worries among the country’s top leaders, including Premier Wen Jiabao who promised to take action.

According to Shanghai Uwin Real Estate Information Services, average housing prices in the city jumped 65.3 per cent last month from a year earlier, hitting a record 20,187 yuan (HK$22,930) per square metre.

Shanghai Securities News reported earlier this month that the mainland would probably start imposing property tax in selective cities this year, a heavy-handed move to cool the red-hot housing market…

More here.>>

And rest assured, the non-bubble is going to be curbed.

Mainland to curb lending binge, says chief regulator

Mainland will slow its massive lending spree and step up monitoring of banks as it tries to prevent speculative bubbles in real estate and other assets while keeping the country’s economic recovery on track, a top regulator said on Wednesday.

Mainland’s banking system is healthy despite last year’s explosive growth in credit and regulators could manage the risks, said Liu Mingkang, chairman of the Chinese Banking Regulatory Commission…

After handing out some


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Kimble Charting Solutions

Small Caps attempting 20-year breakout, says Joe Friday

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

The Russell 2000 trend remains solidly higher, as it has created a series of higher lows and higher highs inside of rising channel (1) over the past 25-years.

Small caps have been an upside leader in 2018, as they are very near all-time highs.

We applied Fibonacci extension levels to the 2007 highs and 2009 lows at each (2).

Joe Friday Just The Facts Ma’am- Small caps are attempting a dual breakout at (3). 

This is a price point that small-cap bulls would LOVE to see strength and a breakout take place, as monthly momentum is lofty.

...

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Zero Hedge

"I Was Not On Weed": In Tearful Interview, Musk Admits Nobody Reviewed Going Private Tweets

Courtesy of ZeroHedge. View original post here.

In a rare, hour-long interview with the New York Times, in which the increasingly unstable Tesla CEO "alternated between laughter and tears", Elon Musk provided a unique glimpse into his mind, confirming just how fragile and combustible everything inside of it is right now.

"This past year has been the most difficult and painful year of my career. It was excruciating" a tearful M...



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Phil's Favorites

Trump craves good press from the 'fake news' media - just look at his White House newsletter

 

Trump craves good press from the 'fake news' media – just look at his White House newsletter

Courtesy of Joseph Graf, American University School of Communication

Mainstream press coverage of President Trump has been unfavorable. Thomas Patterson found that 80 percent of stories in the first 100 days of the administration were negative in tone.

The president has attacked the media as “fake news” and journalists as “the enemy of the American people.”

The president’s anti-press assaults are so...



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ValueWalk

Many Roads Lead To The United States

By Joe Quinlan. Originally published at ValueWalk.

The threat of a U.S.-led global trade war has exposed the earnings vulnerability of many global equity indexes. Bank of America, U.S. Trust analyzed 18 different international indexes in a new report and the results are quite telling. The U.S. ranked in the top three markets in terms of total revenue generation per each index — underscoring America’s commanding presence when it comes to global top-line growth. The region most dependent on the U.S. for revenue growth: Europe.

Q2 hedge fund letters, conference, scoops etc

Understanding the g...



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Biotech

Nanomedicine could revolutionise the way we treat TB. Here's how

Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.

 

Nanomedicine could revolutionise the way we treat TB. Here's how

Nanomedicine could scupper the need for TB patients to take multiple daily tablets with toxic side effects. Daniel Irungu/EPA

Courtesy of Sarah D'Souza, University of the Western Cape and Admire Dube, University of the Western Cape

Tuberculosis is one of the world’s ...



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Insider Scoop

Argus Upgrades Lululemon On Multiple Growth Levers

Courtesy of Benzinga.

Related LULU Benzinga's Top Upgrades, Downgrades For August 16, 2018 3 Retailers Jim Cramer Says Are Winners In A Volatile Sector...

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Chart School

Bitcoin Update - 6000 is support

Courtesy of Read the Ticker.

Demand shows it hand at support levels, well it obvious that $6000 BTCUSD is support so far.

More from RTT Tv , Ref: Brazil bitcoin currency , Brazil New Accounts
 


 

Main Chart in video



 

Sure fundamentals...



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Digital Currencies

What is a blockchain token?

 

What is a blockchain token?

What’s this digital token good for, anyway? knipsdesign/Shutterstock.com

Courtesy of Stephen McKeon, University of Oregon

People are just becoming acquainted with the idea of digital money in the form of cryptocurrencies like bitcoin, where transactions are recorded on a secure distributed database called a blockchain. And now along comes a new concept: the blockchain-based token, which I’ve been following as a blockchain researcher a...



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Members' Corner

There Are 3 Main Theories That Explain Trump's Approach to Putin and Russia-Which One Makes the Most Sense?

What do you think?

Thom Hartmann suggests that the "Manchurian Candidate theory" is the least likely explanation for Trump's pro-Russia behavior in "There Are 3 Main Theories That Explain Trump’s Approach to Putin and Russia—Which One Makes the Most Sense?" (below).  disagrees and suggests that Putin probably has "the goods" on Trump in "Trump’s Plot Against America". (To be fair, Hartmann acknowledges that his three theories are not mutually exclusive.) Jonathan Chait argues ...



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Mapping The Market

Mistakes were Made. (And, Yes, by Me.)

Via Jean-Luc:

Famed investor reflecting on his mistakes:

Mistakes were Made. (And, Yes, by Me.)

One that stands out for me:

Instead of focusing on how value factors in general did in identifying attractive stocks, I rushed to proclaim price-to-sales the winner. That was, until it wasn’t. I guess there’s a reason for the proclamation “The king is dead, long live the king” when a monarchy changes hands. As we continued to update the book, price-to-sales was no longer the “best” single value factor, replaced by others, depending upon the time frames examined. I had also become a lot more sophisticated in my analysis—thanks to criticism of my earlier work—and realized that everything, including factors, moves in and out of favor, depending upon the market environment. I also realized...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

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Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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