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Old 10th Oct 2011, 09:40
  #1310 (permalink)  
Algol
 
Join Date: Jan 1999
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The 'Financial guys'? Aren't they the cause of ALL our problems? WORLDWIDE?
They live high on the hog - and the rest of us pick up the tab in high bank charges and fees, high interest rates, and high taxes to bail out their asses when their ponzi schemes come crashing down.

The HKG property market is just another huge ponzi scheme, constructed by an unholy cabal of local developers (who have the legislature in their back pockets, controlling land releases) and the banks and finance houses who throw money on the fire, and watch as the little people burn themselves down to the ground in their delusional effort to keep up with the Joneses.

While the merry go round keeps turning the banksters make fortunes - which easily prop up the inflated rental rates and mortgages they'll happily pay on their (only slightly larger) shoeboxes.

And you want to get on THAT merry go round?
Wanna sell your soul to the banksters and chinese developers?

Go ahead.
I'm staying off it.
It can't last much longer. The cracks are already appearing.

PS If you were all that worried about your families well-being you wouldn't even BE in Hong Kong.

Last edited by Algol; 10th Oct 2011 at 10:27.
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