Hong Kong real estate hit hard by global crisis 04 Dec 200

Hong Kong has long been a financial hub and a city of prosperity, but the global economic crisis has led to plunging prices and the devaluation of property.

Al Jazeera's Aela Callan reports on the city's once-booming property sector.

Category:

News & Politics

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• hong
• kong
• property
• market
• economic
• crisis
• aela
• callan
• aljazeera

[sighbaru]

Crash baby crash! Hong Kong Has the highest real estate in the world next comes Australia Sydney,Vancouver ,Melbourne ,next to.Crash Crash baby crash.Signed homeless bum.This Ponzi fairytale has been going on for far too long around the world I have tears of joy in my eyes.Everyone hoping to get rich on the savers of the world.Party over folks, only drunks now left laying all over the floor!

[teemuruskeepaa]

@adeafningsilence Just for you

[adeafningsilence]

@teemuruskeepaa Which one? the one about going to manchester met? it still doesn't make any sense.

[teemuruskeepaa]

@adeafningsilence Back to my first comment a year ago

[adeafningsilence]

@teemuruskeepaa how is this relevant to property prices anyway?

and name one socialist economy that works (fully socialist)

North Korea and Cuba - great examples?

This is old - and the property prices have returned to normal anyway now (Reaching new highs in history in 2009)

Hong Kong is remarkably successful - perhaps the most successful economy in the world - rising from nothing, but through business and free enterprise it is one of the freest and richest places in the world.

[edy043]

Time to move to Hong Kong...

[bezvezeceda]

Also you are confusing me a bit, when you say market you mean ... like store, supermarket, a flee market. Or do you mean the "game" market.

[bezvezeceda]

Sorry you misunderstood me, I do not place blame exclusively on the market but on the (power - market) package. Absolute free market would hold absolute power it would not free people it would give stronger mechanism of deception to those high enough. It would actually make it easier for them since they would not need to mess in politics at all.

There is only one direction for free market. And it is a game of who will first become strong enough to privatize it.

[zentonil]

That's exactly what I'm saying! You place blame for these commitments to the system on the market, yet it is centralized power and management of our money behind the scenes into pockets we do not support that perpetuates control.

You can refuse to eat from the supermarket, you can buy local produce. You are not trapped having that job 50k away, it is the anticipation of consequences that limit change. Change is a risk to be sure but your determination will limit your options.

[bezvezeceda]

Can you refuse to eat today? Can you refuse to buy milk for baby. Can you refuse to buy expensive car when a workplace is 50km away. Can you refuse to wear shorts. Can you refuse to buy citizenship by paying taxes.

Things you talk about are school book stories, and only there do they function. But the pictures produced by factual reality are telling us a different story.