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Old 07-11-2014, 06:49 AM
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ebacon ebacon is offline
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China Experiences Inorganic Investment

This is a story about too much money sloshing about to find investment value. A new shopping mall is underutilized and scrambling to find occupants.

https://www.linkedin.com/today/post/...t-list-large_0

The Metro Detroit area has a similar project in the works.

http://www.freep.com/article/2013031...pment-eyesore-
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Old 07-11-2014, 10:21 AM
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Dondilion Dondilion is offline
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Quote:
Originally Posted by ebacon View Post
This is a story about too much money sloshing about to find investment value. A new shopping mall is underutilized and scrambling to find occupants.

https://www.linkedin.com/today/post/...t-list-large_0

The Metro Detroit area has a similar project in the works.

http://www.freep.com/article/2013031...pment-eyesore-
The Chinese can afford this.
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  #3  
Old 07-11-2014, 12:19 PM
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piece-itpete piece-itpete is offline
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The 'communist' party there is terrified of a downturn I've heard. Google empty Chinese cities. There could be a bubble.

This is an interesting take: http://www.forbes.com/sites/realspin...-empty-houses/

Pete
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Old 07-11-2014, 06:18 PM
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Tom Joad Tom Joad is offline
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Quote:
Originally Posted by piece-itpete View Post
The 'communist' party there is terrified of a downturn I've heard. Google empty Chinese cities. There could be a bubble.

This is an interesting take: http://www.forbes.com/sites/realspin...-empty-houses/

Pete
Sounds like Las Vegas.

https://www.youtube.com/watch?v=uGt_qeAnBAM
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Old 07-11-2014, 09:08 PM
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ebacon ebacon is offline
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Originally Posted by Tom Joad View Post
Brutal.

While I was flying airplanes I saw acres of that stuff from above Michigan. That made my head spin as I listened to fellow pilots and all the money they made from making stuff. It was a club that, while elite, I felt guilty about belonging to.

A bright point came when I attended the big aviators event at Oshkosh. A few women staffed a booth that promoted aviation as a means to see the big picture by flying thinkers over their neighborhoods. At that point I decided that it would be better to give my airplane money to women like that than spend it making noise and meeting other developers.

A truth is in there somewhere. I don't know how to sprout it.
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Old 07-11-2014, 09:43 PM
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Too little tax and a bunch of new cash? Investing becomes a gambling game, played for the thrill of winning. That means these guys aim for big returns, double digit, and big digits at that. This aim forces them to take risks, and they lose a lot. They don't like that, they want to be a winner, so like all losing gamblers they make bigger, riskier bets.

This is the new rich with a few million, of course. The really rich don't play this game, except to be the 'house' for the gamblers....

A high final tax bracket, say 80%, would take away a lot of the incentive for this dysfunctional, wasteful development.
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Old 07-13-2014, 12:00 PM
VanishingPoi VanishingPoi is offline
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Quote:
Originally Posted by ebacon View Post
This is a story about too much money sloshing about to find investment value. A new shopping mall is underutilized and scrambling to find occupants.

https://www.linkedin.com/today/post/...t-list-large_0

The Metro Detroit area has a similar project in the works.

http://www.freep.com/article/2013031...pment-eyesore-
I know this is going to sound terrible but I am glad those kind of projects are failures. I always disliked going to malls. Indeed, a mall is a very boring place for me.

I always loved walking down the street and window shopping. Malls are too overwhelming. A bit like plastic surgery.

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Old 07-13-2014, 12:24 PM
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Dondilion Dondilion is offline
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Chinese economy will soon catch up with those empty buildings.

In the meantime I like what China is doing in Africa...laying down massive infra structure and of late addressing Africa's education needs.
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Old 07-14-2014, 09:44 AM
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Pio1980 Pio1980 is offline
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Quote:
Originally Posted by ebacon View Post
Brutal.

While I was flying airplanes I saw acres of that stuff from above Michigan. That made my head spin as I listened to fellow pilots and all the money they made from making stuff. It was a club that, while elite, I felt guilty about belonging to.

A bright point came when I attended the big aviators event at Oshkosh. A few women staffed a booth that promoted aviation as a means to see the big picture by flying thinkers over their neighborhoods. At that point I decided that it would be better to give my airplane money to women like that than spend it making noise and meeting other developers.

A truth is in there somewhere. I don't know how to sprout it.
Private plane owner/flyers as a group tend to be hard Right IME.

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