What happens when the bubble bursts and that $1 million property is now selling for a third of what it cost? What happens when that’s in the fastest growing market? What happens when it’s in Hong Kong, we’re talking about ultra-luxury automobiles, they have incredibly high margins, and they’re mostly imported from Europe?
For some reason or other I found this post on the potentially collapsing market for ultra-luxury cars in Hong Kong thought-provoking.
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“….when the levee breaks, got no place to hide….”