The Chinese government made this happen to help the lower classes with home ownership. So, maybe we could use our unique rights structure to convince those with the levers here, to pull them.
There was another thing the Chinese did to landlords that we could try too
Yes, let’s.
I’ll have what they’re having.
liberals crying lmfao
Been in China many times for weeks at a time. DO NOT WANT TO LIVE HERE.
It peaked in 2021, so apparently prices have been declining for 5 years, and are still declining!!
The Chinese economy may be weird, but I don’t get how prices can fall below what they were 20 years ago, when China is much richer today than they were back then? We were told for a long time China was in a huge housing bubble, but this is crazy!
This will guaranteed ruin many peoples economy for decades even for the rest of their lives. And many will be tied to their house because it’s impossible to sell at a price that will clear the debt, so they can’t afford to move.
In a normal market it’s nice to own your own house, but a market like this, if you bought 5 years ago, it’s a nightmare.The housing market is different in China. Most home are paid entirely at sale without a loan.
Time to buy a vacation home in China?
Breaking news, looks like I’m applying for Chinese citizenship.
