Realestate bubble

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Kammekor
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Re: Realestate bubble

Post by Kammekor »

Whenever I trade with China I pay in USD, so I don't see it happening that fast. Plus.... The Cambodian government is still pretty weak, the Bong Thom's like the USD they can spend anywhere without capital controls and resentment against the Chinese is on the rise. And bong Narin and Srey Lek love their dollars too....
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armchairlawyer
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Re: Realestate bubble

Post by armchairlawyer »

pauladams wrote: ↑Sun May 13, 2018 3:19 pm
I work in this sector and I can tell you there will not be any bubble or crash for at least the next five years.
A confident statement. Do you work on the sell side of real estate?
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offroadscholar
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Re: Realestate bubble

Post by offroadscholar »

armchairlawyer wrote: ↑Sun May 13, 2018 4:08 pm
The main thing that interests me is the likely impact on Cambodia when the next financial crisis hits, and the impact from China's OBOR and dedollarisation policies. Cambodia is different from other Asian countries in being so dollarised. That should mean less impact from the former and more impact from the latter.
Chandler being careful to avoid the tag of foreigner telling Cambodia what to do

[media]https://www.voacambodia.com/a/china-cam ... 86767.html[/media]
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Username Taken
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Re: Realestate bubble

Post by Username Taken »

offroadscholar wrote: ↑Sun May 13, 2018 8:01 pm
armchairlawyer wrote: ↑Sun May 13, 2018 4:08 pm
The main thing that interests me is the likely impact on Cambodia when the next financial crisis hits, and the impact from China's OBOR and dedollarisation policies. Cambodia is different from other Asian countries in being so dollarised. That should mean less impact from the former and more impact from the latter.
Chandler being careful to avoid the tag of foreigner telling Cambodia what to do

[media]https://www.voacambodia.com/a/china-cam ... 86767.html[/media]
The video is already posted here > > > cambodian-culture-and-language/historia ... ml#p246388

:beer3:
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pauladams
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Re: Realestate bubble

Post by pauladams »

armchairlawyer wrote: ↑Sun May 13, 2018 7:16 pm
pauladams wrote: ↑Sun May 13, 2018 3:19 pm
I work in this sector and I can tell you there will not be any bubble or crash for at least the next five years.
A confident statement. Do you work on the sell side of real estate?
Both. I’m a conduit for buyers and sellers to bring them together. Mostly PRC and Indonesian Chinese.
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armchairlawyer
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Re: Realestate bubble

Post by armchairlawyer »

Kammekor wrote: ↑Sun May 13, 2018 5:41 pm Whenever I trade with China I pay in USD, so I don't see it happening that fast. Plus.... The Cambodian government is still pretty weak, the Bong Thom's like the USD they can spend anywhere without capital controls and resentment against the Chinese is on the rise. And bong Narin and Srey Lek love their dollars too....
They also love their gold. Gave's point is that China will be pushing hard to reduce the use of the USD in Asia and those selling to China will be persuaded to accept RMB for their goods and services. When those RMB are exchangeable for gold, they will presumably have no objection.
For those buying from China, there is no problem with dedollarisation, you will simply have to convert your USD into RMB before you make payment.
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frank lee bent
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Re: Realestate bubble

Post by frank lee bent »

there is so much physical paper circulating outside usa, it will be difficult for other currencies to reach reserve status
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kocdim
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Re: Realestate bubble

Post by kocdim »

frank lee bent wrote: ↑Sun May 13, 2018 11:33 pm there is so much physical paper circulating outside usa, it will be difficult for other currencies to reach reserve status
Maybe currency rest coming in the near future.
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frank lee bent
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Re: Realestate bubble

Post by frank lee bent »

that would really benefit china and cambodia too.
in the absence of any evidence, i will not worry much.
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armchairlawyer
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Re: Realestate bubble

Post by armchairlawyer »

pauladams wrote: ↑Sun May 13, 2018 9:22 pm
armchairlawyer wrote: ↑Sun May 13, 2018 7:16 pm
pauladams wrote: ↑Sun May 13, 2018 3:19 pm
I work in this sector and I can tell you there will not be any bubble or crash for at least the next five years.
A confident statement. Do you work on the sell side of real estate?
Both. I’m a conduit for buyers and sellers to bring them together. Mostly PRC and Indonesian Chinese.
What exactly are they typically buying? Land, condos?
Do you mean the foreigners are both buyers and sellers, or do you mean Khmers are selling to the foreigner buyers?
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