Re: [Talk] Money-maker and Ghost Town

看板EngTalk (全英文聊天)作者honeylandis (一生一愛一瓢飲)時間14年前 (2011/10/19 15:15)推噓1(1推 0噓 9→)

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※ 引述《tengharold (RoadMan_A)》之銘言： : [Translated to keep my skills alive, so only slightly reviewed and not spell- : checked XD] : Original article (Chinese): : http://www.chinareviewnews.com/doc/1018/7/1/0/101871041.html?coluid=59&kindid : =0&docid=101871041&mdate=1017091150 : Shortened: : http://bit.ly/nj4Buk : A money-maker and a ghost town: China's real estate boom : Excerpts taken from article published in "Voice of Germany" : The Chinese saying, "Rather play real estate than be a banker," provides : backdrop to understanding the hottest investment asset in China over the past : several years - real estate. In China's Inner Mongolia province, an entire : city was built not for current habitation but for future housing price hikes. : Anyone visiting the New Cambaxe District of city of Ordos, Inner Mongolia, : will be immediately struck by a major difference between this city and : China's other crowded metropolitan areas: there aren't many people here! : A visitor will see an eight-lane highway sit without much traffic, a broad : plaza teem with manicured greenery but has few visitors, the modern city : library lack borrowers, and rows of beautifully-appointed apartments stand : empty. Despite all that, housing ads continue to be seen everywhere, and : construction sites dot the landscape. This is because the New Cambaxe : District was not constructed to be lived in, but for the Chinese rich to : invest in. : Invest not reside : This new investment model "with Chinese characteristics" is fully realized : here in the New Cambaxe District. A financial analyst, who requested his name : not be used, said, "A house is either purchased to live in, or to hold until : it appreciates. Real estate is regarded as a relatively safe investment. All : investors have positive outlooks on the potential or Ordos, although no one : lives here now." : Residents in nearby neighborhoods call this area "Ghost Town" because you : rarely see people there, but in fact just about all real estate units here : are already sold, and many units still under construction have been pre-sold : as well. This is evidence of Ordos's allure to investors. A rich Chinese has : few avenues of investment; leaving the money in the bank earns little : interest, while investments abroad are much-restricted. Real estate is the : best investment under these circumstances, and the past years have proven : that. : This reporter met two young ladies by chance; they are the rare visitors to : the area, hailing from nearby regions. ONe of them said, "This used to be : desert, and it's now a pretty city, and not as crowded as Beijing or Shanghai : either." : Not used does not mean not valued : The New Cambaxe District will remain empty, at least for a while longer, : because the people who work here - cleaners, construction workers, gardeners : - cannot afford the units here. However, "not used" does not mean it's "not : valued." : Other seemingly ludicrous construction projects include the New Cambaxe : District Racetrack, designed and built with the best, but now hosts more : racecars than attendees. The city of Ordos gave the construction rights : [translator's note: should be construction and operating rights, for the : subsequent to make sense] of this racetrack to a private cnostruction : firm. The firm's owner, Mr. Yiao, said that although he does not make money : from the track, he hopes to win more bids from the city. : It is evident that all investors in New Cambaxe District are hoping for : better rewards in the future. Although economists have been repeatedly : predicting the bursting of China's real estate bubble sooner or later, but : when? That is the real question no one can answer. : [comments welcome, but in English please.] Dear tengharold, I am impressed by the skills of your translation. However, what really interests me is the topic. Since I am money hungry, I am always fond of the investment of real estate. The tag is talk, so just talk the talk and don't have to walk the walk. It might bore the readers, but my humble opinion is expected to be conveyed. It's sort of interesting that Chinese people are always thinking about that the possession of the real estate is the real symbol of being wealthy. I have no intention to aruge about the viewpoint, but I come across some investors whose ideas are so much alike. In this article, the financial analyst said, "Real estate is regarded as a relatively safe investment." No offense. I disapprove. Just as another E-pal mentioned, it is so complicated. When it comes to investment, the risk we are taking and we can afford, the assets allocation, the healthy conditions of investors are needed to be taken into consideration. How mcuh profits can we get with limited time? At times, we don't need more money but we do need to make our money bigger, which is the real key to invest. That's because we need to fight against inflation and make sure that our investment policy is efficient. I am not a graduate from Management College but I do love to read books. I got to know two financial products about the investment of real estate. One is called REITs, Real Estate Investment Trusts, appeared in 1960 in the USA. The ohter is REAT, which is similar to bonds. If I bore the readers, feel sorry about it. If the readers are curious about these two products, please consult others, not me. I am not a broker, not doing business about it. Gee, I only got several mintues, and one last thing. There is something more essential. Since every man is mortal, no one can avoid the rick of being dead. So, make sure that your money and investment can be well-managed before the day comes, which is more practicable, a better way to think over investment. That's it. Not good enough, but I try to complete it in limited time. Thanks a million for your translation. High profits accompany high risk. -- ※ 發信站: 批踢踢實業坊(ptt.cc) ◆ From: 219.85.225.194