“Chinais a world class if not the world class property bubble, primarily high-rise buildings, offices and condos.” IfsWorldClassBuildingOfficePropertyBubblesWorld Class Author:James Chanos
“Dubai was a property bubble. Plain and simple. Go to Dubai and see what happened. It was... what I call it the 'Edifice complex' - it's just, we can grow by putting up lots and lots of buildings and trying to attract people to come here, stay here, and put up offices here and sooner or later, you put up too many.” PeopleTryingGrowsSimpleHappenedBuildingOfficePropertyComplexesBubblesSooner Or LaterEdificePlain And SimpleDubai Author:James Chanos
“What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself - a rental property, office building, condo - does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price.” IfsKindDoeGreaterBuildingFoolDependsHigherOfficeFlowPropertyDebtAssetsCashBubblesInflationCash FlowOffice Buildings Author:James Chanos
