Quote:
Originally Posted by LeftCoaster
Your posts are related to personal and corporate debt levels, not overleveraged property markets... you do understand the difference right? Not to mention many of the articles are 6-12 months old and one of them is a blog...
|
Bubbles always take longer to burst than expected. For example, it was known there was a property bubble in the US market in 2005, far before things let lose in 2008. It's well known China, Hong Kong, and Australia are well into bubble territory, if they blow so will South Korea.
Quote:
|
South korean regulations dictate that 50-60% of mortgages be paid up front, which is a very high level resulting from government intents to direct public investment away from real estate to corporate and industrial sectors. While the policy has failed somewhat as properties have likely become over-valued, it is not due to high debt levels on individual properties that this has occurred.
|
It's always "this time's different" and it never is!
Quote:
|
Also you have failed to explain how any of this primarily residential housing issue has anything to do with a company building an office tower in Busan or Seoul...
|
It's all connected, speculation in the proerty market. People build on speculation, it dosen't matter if it's office or housing. If one is hit you can bet the others will take a hit too. That's what has happened in all property bubbles throughout the history of the world!
I'm not dumb, stop thinking I'm clueless.