if china floats the yuan

I'm with U on that. Just need to make sure that the Chinese Gvt. will play fair and let us get our $$ out!

 

A number of countries don't let foreigners buy real estate. India does not allow it. Mexico used to make US nationals buy through a local corporation (maybe still the case?). Canada did not make it easy, I think I remember (maybe someone can confirm that).

It would be awesome if China allowed US nationals to buy real estate, but that does not seem in keeping with their governmental policies of controlling things like currencies.

 

The recent Merrill money manager survey asked mangeres @ the impact of a yuan reval. The largest agreement was that a reval would be negative for US Treasuries.

 

http://www.npr.org/templates/story/story.php?storyId=4564448

Shanghai Real Estate Values Soar

China's government is hoping to take some air out of a ballooning property market. Real estate prices in China, and especially in the financial center Shanghai, have recently climbed even faster than in the U.S.


http://msnbc.msn.com/id/7614290/site/newsweek/

Market Watch: Eyes On Shanghai

 

I have seen these surveys for years and cannot remember one that did NOT end up a great fade.

 

Thanks good info---as I suspected a BUBBLE. Who knows when it it going to pop tho. Buying Realestate in Shanghai or Beijing over this next decade will IMO be like going back in time and buying realestate in Manhattan 100 years ago.

 

I think they let you buy real estate. I believe you can even apply for a green card if you buy a house, but i got most of my information from overseas chineses. It might be different for regular foreigner.

You can still apply for a green card regardless of where you are from if you qualify. See link:

http://www.chinatoday.com.cn/English/e2005/e200501/p28.htm

If you get a green card then you can buy real estate.

 

they just test the water:

http://news.yahoo.com/s/ft/20050429/bs_ft/e6f0b804b8b411d9bfeb00000e2511c8


My source told me they will float the yuan later this year or early next year. Will it go up? I doubt it. The whole world is expecting it to go up. Last time I checked, when everybody is bullish, it is usually the best time to short.

 

WSJ article today stated that the reval could happen this weekend!

 

More like buying Manhattan real estate in 1928*

John