>>520405148I’m not invested in Chinese property so i don’t care. Which cities do you own houses in?
10k deposit for newly weds.
You don't.
>>520405497Debt to whom?Debr to the central government isn't debt.
>>520405148
>>520405830To all of the different levels of banks in China such as:Industrial and Commercial Bank of ChinaChina Construction BankAgricultural Bank of China China Development BankWhich mostly have deposits of the Chinese population. Very much every last RMB of savings of the normal working people of China. Those banks have engaged in fractional reserve lending and have loaded out all of the deposits they have and can only cover tiny withdraws by the people. Which is why the central government limits how much you can withdraw and can refuse to allow withdraws if they feel you don't have a good reason to withdraw the money. (aka the bank doesn't have any money to give you)China has an insane constitution that doesn't allow any government to collect any taxes other than the central government while also obligating the provincial governments to fund more or less all government services. In the past (last 20 years) they did this by selling land and borrowing money against the government owned land.
>>520405148theres no need for recovery. these trends are only bad for landlords with big real estate parks.plebs benefits from lower price for their first home, that's how they have 90% home ownership in china
>>520405148Recover from cheap housing? I dunno probably import tons of immigrants to crash the housing market.
>>520410037This is the only answer. How else will they destroy their country?
I think they recovered from overpriced housing faggot kike>>520405148
>>520405148pretty easy to recover from affordable housing>increase loan periods to maximize borrowing power>import people to fill up housing>have private equity buy up tons of houses to sit on>restrict building permitscan do any combination of these and cost of living will skyrocket.
>>520405148home price go down home financing rates go up now the house rich boomers suffer and financiers continue to get rich. Sorry boomies you're going to have the ladder pulled on you
>>520405148China won again
>>520405148>NOOOOOO THE HECKIN' NUMBER'S GOTTA GO UP>HOW WILL I BUY ANOTHER YACHT IF I CAN'T MAKE PEOPLE FORK OVER 80% OF THEIR PAYCHECK TO LIVE IN A NIGGER INFESTED CRACK DEN
YES SAR COMING TO CHINAI AM VERY TO HAPPY WE ARE NOT THE CIVIL WAR TODAY WE CAN STABLE VERY STABLEMANY COUNTRY VERY BIG NO WAR. LIKE.. ALASKA
>>520405148Explaine how is this bad, like prices are going down, only billionaire landlord of that company (that is in jail for like 30 years) will get hurt, Chinamen will buy houses for a cheap prices and the CCP will be the one who take credit for defeating homelesness and making home ownership possible in a country with 1.4 billion person
