Buy a 1000 sq ft home near Shanghai for $450K, get a free BMW. Just like opening a savings account at a Savings and Loan and getting a toaster. Sort of.
1 posted on
09/13/2018 11:18:36 PM PDT by
Zhang Fei
To: Zhang Fei
Seems a little gimmicky. Why not just cut the price by $40k or whatever their out-of-pocket is per car?
To: Zhang Fei
“...further incentive: An initial down-payment of just 5 percent is required, compared with the usual 30 percent deposit required,,,”
Losers
It’s gonna get worse for then and eventually even better for buyer’s
4 posted on
09/13/2018 11:48:55 PM PDT by
Vendome
(I've Gotta Be Me https://youtu.be/wH-pk2vZGw2M)
To: Zhang Fei
1000 sq foot ? That’s practically a closet.
6 posted on
09/14/2018 12:38:24 AM PDT by
fieldmarshaldj
("It's Slappin' Time !")
To: Zhang Fei
Anybody want to let me know where I short the Chinese bond market?
7 posted on
09/14/2018 12:42:16 AM PDT by
Hoosier-Daddy
("Washington, DC. You will never find a more wretched hive of scum and villainy. We must be cautious")
To: Zhang Fei
The big point is missing here.
Ready.
Set.
Go.
Financially mixing short term car money with long term house is a disaster. A car financed over 4 even 5 years is irresponsible. Car debt financed in a mortgage is illiteracy.
9 posted on
09/14/2018 1:46:36 AM PDT by
TheNext
(Anonymous Source)
To: Zhang Fei
As I understand it, China has had a housing bubble for several years.
A couple of interesting videos on the subject:
10 posted on
09/14/2018 3:43:30 AM PDT by
markomalley
(Nothing emboldens the wicked so greatly as the lack of courage on the part of the good -- Leo XIII)
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