Comments by "May L" (@MeiinUK) on "Why Rich Hong Kong Families Are Selling Mansions at Discounts" video.

@leealex24 : No. You've not heard of bank runs, and economically collapsed ?.... This time round, it's the courts that ordered the developer to liquidate. An insurance company also just requested to close too. Lol.... It's quite scary.
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Because Shenzhen government, is separate from HK. So sometimes they want to ask citizens to pay even more public bills. So.. cos there's a larger population. You need to think of it like that. What are the advantages and disadvantages. If you read the papers, Shenzhen market has collapsed. Noticed that she said, "these are cash rich families". They are not doing this to make more money. They are doing this in hope that it doesn't die. The Chinese bank run has happened. Negative equity has happened. The negative buy situation has treated the actual slump already. They're in a larger area, but it would take forever to go back up. Whereas HK is a smaller area, and can be a smaller pool. For mainland buyers, I would advice them to buy but hold. Cos it's also not in their interests to flip. You will just speed up the demises of further and faster depletion of China's foreign reserve. Lol....
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 @keithng5249 : Housing is part of the basket to measure inflation in HK ? Oh God. Why has everything collapsed ? Lol. What about gold ?...
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@tarawang5466 : Yes, but HK is an international city. Nothing to say that you cannot use those US dollars to convert into another country's currency, dummy. This is what HK was for.... When you do that, other countries' banks have to open an office. It really depends on how you see it. The wrong choice was china to help the Ukraine situation. That made a lot of people angry ... So other countries pulled out. There are deals to be made or done. UK needs support for energy conversion, say. There's contracts to be done there. Also, high end water filtration systems to reduce pollution.. that's needed too in the UK.... Even if it cannot be an outdoor machine. It can be an indoor machine, that can be connected to outdoor volume to pump and clean it through.
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