Evergrande has defaulted on its debt, Fitch Ratings says

Re:Evergrande has defaulted on its debt, Fitch Ratings says by oyashirochama on Thursday December 09, 2021 @09:07AM (#29497464)

Different? yes.

To match the growth expansion of prices? Absolutely not.

An apartment not even within main cities or rather 2nd or 3rd tier cities will still cost 300-500k USD, is made of questionable design and safety, isn't much more than a concrete box, and you don't even full own the land but rent it from the builders who actually purchased the right from the CCP for 70 years.

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Re:Evergrande has defaulted on its debt, Fitch Ratings says by em-bee on Thursday December 09, 2021 @09:16AM (#29497550)

in the third tier city where i am right now, high quality apartments go for 200kUSD or less. i don't know about those of questionable design and safety but i can't imagine that they go for anything but less than half that.

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Re:Evergrande has defaulted on its debt, Fitch Ratings says by thehappypm on Thursday December 09, 2021 @10:04AM (#29498091)

Agreed this is a huge exaggeration. You can buy a studio in midtown Manhattan for $300k or a 2 bedroom in Boston for $500k.

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Re:Evergrande has defaulted on its debt, Fitch Ratings says by drnonsense42 on Thursday December 09, 2021 @11:04AM (#29498993)

Frankly, you’re the one exaggerating. The above poster is discussing “high quality” apartments. 300k will get you 250 sqft or freshly plastered bullet holes.

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Re:Evergrande has defaulted on its debt, Fitch Ratings says by thehappypm on Thursday December 09, 2021 @01:28PM (#29501053)

Honestly, why comment if you don’t know what you’re talking about?

Two seconds on Zillow you can see tons of properties for $300k that are neither 250sf or plastered with bullet holes.

One of many examples:

https://www.zillow.com/homedetails/205-E-63rd-St-APT-10H-New...

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Re:Evergrande has defaulted on its debt, Fitch Ratings says by drnonsense42 on Friday December 10, 2021 @07:13AM (#29508968)

Everything else aside, you’re claiming you know what you talk about when you make a post about midtown and send a link to UES? I don’t think you know the city at all

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Re:Evergrande has defaulted on its debt, Fitch Ratings says by thehappypm on Friday December 10, 2021 @08:49AM (#29509781)

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Re:Evergrande has defaulted on its debt, Fitch Ratings says by reducesuffering on Thursday December 09, 2021 @02:25PM (#29501757)

A $2k/mth HoA??

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Re:Evergrande has defaulted on its debt, Fitch Ratings says by thehappypm on Thursday December 09, 2021 @03:02PM (#29502193)

That usually includes taxes and utilities in New York.

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Re:Evergrande has defaulted on its debt, Fitch Ratings says by ahtihn on Thursday December 09, 2021 @04:34PM (#29503248)

That sounds incredibly high for a place worth 300k. I'm thinking it's only 300k because of that 2k/month on top.

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Re:Evergrande has defaulted on its debt, Fitch Ratings says by bally0241 on Thursday December 09, 2021 @10:25AM (#29498371)

A 2 bedroom in Boston for $500k, where are you shopping, Dorchester?

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Re:Evergrande has defaulted on its debt, Fitch Ratings says by thehappypm on Thursday December 09, 2021 @10:43AM (#29498634)

JP and Brighton, nice parts of town.

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Re:Evergrande has defaulted on its debt, Fitch Ratings says by AceyMan on Thursday December 09, 2021 @10:39AM (#29498584)

I don't know those markets much but, prima facie, those numbers seem like hooey. Citations definitely needed.

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Re:Evergrande has defaulted on its debt, Fitch Ratings says by thehappypm on Thursday December 09, 2021 @10:45AM (#29498659)

Zillow it yourself. $300k is the going rate for a studio near the UN in Midtown. $500k goes far just outside the downtown core of Boston in places like Brighton or Jamaica Plain or Dorchester.

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