{"id":258748,"date":"2010-02-01T08:58:05","date_gmt":"2010-02-01T13:58:05","guid":{"rendered":"http:\/\/www.businessinsider.com\/lethal-brew-chinese-develop-love-of-luxury-real-estate-flipping-just-as-rents-collapse-2010-2"},"modified":"2010-02-01T08:58:05","modified_gmt":"2010-02-01T13:58:05","slug":"lethal-brew-chinese-develop-love-of-luxury-real-estate-flipping-just-as-rents-collapse","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/258748","title":{"rendered":"Lethal Brew: Chinese Develop Love Of Luxury Real Estate Flipping, Just As Rents Collapse"},"content":{"rendered":"<p>Following up on the interview with a top Chinese commercial <a href=\"http:\/\/www.businessinsider.com\/interview-with-chinese-commercial-real-estate-developer-just-screams-bubble-2010-2\">real estate developer<\/a> who&#8217;s calling for a bubble, econ professor <a href=\"http:\/\/chovanec.wordpress.com\/2010\/01\/30\/reference-points-on-china-real-estate\/\">Patrick Chovanec<\/a> draws attention to a report from Colliers international, which has some fresh numbers on real estate.<\/p>\n<p>This chart, in particular, really stands out. Basically while square-foot luxury prices are surging, rents are only going in one direction: down (see chart below).<\/p>\n<p>&nbsp;We&#8217;ve heard, by anecdote, similar stories from China. The middle class are getting into real estate speculation, and they&#8217;re buying apartments, but not even renting them out (the prices aren&#8217;t worth it, and besides, they don&#8217;t want anyone messing up their pristine, mint-condition real estate.<\/p>\n<p>And the chart confirms numbers from another <a href=\"http:\/\/www.businessinsider.com\/cbre-chinese-real-estate-seeing-slackening-rents-rising-vacancies-investment-driven-homebuying-2010-1#office-rents-1\">CB Richard Ellis report<\/a> we&#8217;ve seen, which confirms a lethal combo of declining rents and increased prices.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b66dc8b0000000000051bc4-533-377\/rent-china.png\" border=\"0\" alt=\"rent china\" width=\"533\" height=\"377\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/lethal-brew-chinese-develop-love-of-luxury-real-estate-flipping-just-as-rents-collapse-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/cbre-chinese-real-estate-seeing-slackening-rents-rising-vacancies-investment-driven-homebuying-2010-1\">CBRE On Chinese Real Estate: Slackening Rents, Rising Vacancies, Investment-Driven Homebuying<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/interview-with-chinese-commercial-real-estate-developer-just-screams-bubble-2010-2\">Interview With Chinese Commercial Real Estate Developer Just Screams Bubble<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/resort-dreams-fuel-unprecedented-housing-bubble-in-chinas-hainan-2010-1\">Resort Dreams Fuel Unprecedented Housing Bubble In China&#8217;s Hainan<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/16kGJL_sbVs\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following up on the interview with a top Chinese commercial real estate developer who&#8217;s calling for a bubble, econ professor Patrick Chovanec draws attention to a report from Colliers international, which has some fresh numbers on real estate. This chart, in particular, really stands out. Basically while square-foot luxury prices are surging, rents are only [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-258748","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/258748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=258748"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/258748\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=258748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=258748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=258748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}