Page 11 - Property Bubble News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Big cities. on the other hand, second and third-tier towns have a different problem. here, supply exceeds demand. too many houses. look at these pictures of ghost towns in china. you can see building after building, mall after mall, but no people to live in them. essentially, china has a two-speed property market. one is booming and the other is languishing. you might say china has a property bubble, but not a big deal. they don't have the kind of mortgage and credit card problems that americans had in 2007. it was our debt that caused the problem. and the chinese national government is sudden...

How, why? well, actually, it was about money and assets. you see, a vast majority of these couples are getting divorced so they can avoid a new chinese tax. beijing recently decided to impose a 20% capital gains fee on sales of second homes. so, the theory goes, if you have two homes and you get divorced, you can register each home under separate names. then, if you sell one of those homes, you escape the new tax and then, i guess, you can get remarried. the bizarre exploitation of this loophole tells a larger story. at an individual level, it shows the importance of housing as an investment i...

So, the theory goes, if you have two homes and you get divorced, you can register each home under separate names. then, if you sell one of those homes, you escape the new tax and then, i guess, you can get remared. the bizarre exploitation of this loophole tells a larger story. at an individual level, it shows the importance of housing as an investment in china. but at the macro level, the story shows how beijing's new leaders are are struggling is to deal with what some are calling a property bubble. on the one hand, prices are soaring in the big cities. in shanghai, for example, developers s...

Some of the gaffes he's made on foreign policy. in referring to spain, for example, as overspending as the source of the problem when in fact it was the property bubble. germany and scandinavian countries spend more than the spanish have. we misunderstood that problem. he's annoyed the british over security and alienated the russians talking about toughening the stand and henry kissinger of foreign policy has condemned both candidates for a deplorable policy on china. so, foreign policy's not going to decide the election but a burning issue to define whoever wins this election. >> it is in the...

candidates aren't telling you about what is and what is not within their power to change. but first, i'll tell you about a storm that's raging in the distance. it's headed to our shores. it's an economic storm. it hasn't hit yet. we're starting to feel the outer bands of it. those who watch me every week know, i'm generally an optimist. but i understand the u.s. economy. the u.s. economy is driven about it confidence of its citizens. the customer in this case is the american consumer and is always right. they think things are slowing down, it will welcome self-fulfilling because they...