China is unironically collapsing; its economy is deteriorating at the fastest rate possible:>China's real estate market has fallen to its lowest prices in 20 years and is projected to drop even further.
>>540122578Hah! You westoids think we lost but that just means housing is FIXED! Xi has fixed the housing crisis for China while the rest of you poors struggle to pay rent every month.The future is all China!(please don't point out that 90% of the Chinese population had 70% of their savings invested in the housing market and much of that was lost due to the crash thus our economy is in crisis).
>>540122833Bust out the anti suicide nets.
>>540122578This is a good thingUnless all of your capital is tied up in real estate, then its not so good
>>540122578>Zeihan was rightKEEEEEEK
Low house prices = prosperity and freedomHigh house prices = slaveryChina wins again. Communism is king.
>>540122578At least they can buy houses.
>>540122578why do you niggas hate chinese? you only export oil while my chinese brothers export tshirts and cheap auto parts
>>540123757>>Zeihan was rightNEVER
>>540122578You are just jealous the money that left Dubai after the first drone is all in Hong Kong right now
>>540123839China is an evil shithole
>>540122833Sorry Wang but houses are for living in not investing
>>540123902>UAE is more evil>USA is most evilYou faggots shouldn't moralnigger because you lose by default
>>540123926Sadly they were largely used for investing and not living thus why most chinese people lost their savings and the economy is grinding to a halt.Many homes were built with such poor quality that they can't even be lived in because it was just a ponzi scheme and super bubble. It was never intended for people to actually live in them.
>>540122578Despite this the Yuan is getting stronger though, all it means is China can't cheat the global banking system as it attempts to globalize use of the Yuan. It also mean the USA can't cheap out with Chinese goods anymore, hence why India is a thing right now. The jig is up for everybody.
>>540123926Take it easy with the antisemitic remarks
>>540122833>Lost their savingsSo what? Like, yea, that sucks. How does it affect the economy though?
>cheap housing is badOnly for old people. Young people who are looking to start families benefit from cheap housing. And so do people who want a second home for vacationing in. Imagine saying>if housing prices go down, then homeowners will sufferWhen 80% of young men can’t afford a home due to them being too expensive?Go FUCK YOURSELVES boomers. Ask your wealth should be confiscated and given to the youth who are the future of this country, as a consequence for robbing them of the American dream
>>540124053Why would the economy grind to halt? Genuinely curious.
>>540124091If you lost your livelihood needed to retire in lou of pension system or retirement fund, how would you react? When people lose their capital, how do they engage in business and investments that drive business?
As opposed to the blessing of overinflating residential prices in the US right now
>>540124053>>540124181>be living in a house>the housing market booms>suddenly this magically allows you to retire somehowThat’s not how it works. Now stop hoarding the housing supply and making it inaccessible for younger people you old fart
>>540124260>buy house for 100K today>sell house for 1,000,000 later>retire off profitsdummy it aint hard. fuckers do it all over the world.
>>540124181I don't think this will affect investments in other sectors. If everyone was investing solely in real estate, they were already untrusting of other investments. Chinese will keep saving a big part of their incomes and if they just leave it in the bank and don't invest, just means the bank can lend more, no?
>>540124398>buy house for $100k>sell house for $1m>cant retire because all the other houses now cost $1m tooExcellent plan, retard
>>540124464>doesn't know they move back to rural areas to retire away from the cityyou're just coping for any excuse to deflect from the truth that your ccp real estate bubble popped and left you changs in economic shambles
>>540122578Meanwhile in Norway houses will at the current rate reach a price of 25 million dollars each in two generations.
>>540124054Nobody in Chinkistan uses yuan though, it's all Alipay. Their money is all virtual currency. Might as well invest in World of Warcraft gold.
>>540124541For the average Chinese person this is a good thing housing should not be treated as a speculative asset to make gigantic profits wish we had a housing crash sooner
>>540124019Like i care what some dipshit far left zoomer eurotrash faggot has to say.You losers dont matter at all
>>540123537Spoilers: All of their capital is tied up in real estate. The CCP used low interest rate loans to finance massive real estate development orders of magnitude more than the demand to artificially prop up their economy. What China has done makes the 2008 recession look like a minor blip.
>>540124541The only way for housing to act as a retirement plan is if housing consistently rises faster than the rest of the economy and outpaces inflation, forever. That’s not only unsustainable, it’s downright impossible without massive amounts of money printing and market manipulation. And it is much, much worse for the future of the economy than simply allowing the market to correct and find its natural level
>>540122578If you weird niggers keep opening a thread about China collapsing every day, one day it’ll be true.
>china is collapsing holy shit its collapsing>housing is just affordablemiggies are desperate
>>540124662This, most people there have invested heavily into real estate as well.So everyone is losing their hat.
>>540124588>Alipay created in China>Yuan the most used currency on AlipayAnon...
>>540124660Why so mad rustbeltoid?
>>540124554what if i dont live in an oil state that lives off blackrock
>>540124717401ks can't divest fast enough without crashing the market, it was the primary investment strategy for both businesses and individuals in China.
“Communist” China;>let the market correct, the free economy will sort things out“Capitalist” America:>we cannot allow the line to go down. Quick, print more money, do some bailouts and government intervention at the expense of the working class to keep investors from losing
>>540122578Two more weeks
>>540124662>The productive engine of the world that makes virtually everything is worse off with cheaper housing for the average personGoods and production are more valuable then financial fiat instruments one is real the other is just the representative of fiat fiction (still important but tangible reality trumps fiction every time)
>>540125200>the single source of personal wealth for 1.3 billion people vanished>this is a good thingWEF, is that you?
>>540124925More like Lobbyist America, we haven't been capitalist since the early 1900s. The FED was created to bail out lobbyists with tax dollars, not provide national stability.
>>540122578>unironically collapsingThis collapse was initiated by their own govt in 2020 you gayrab mongrel. All that debt is own by the state so nothing is happening to them.
>>540125419China's real estate sector and its broader affiliate industries have shrunk sharply, dropping from a peak contribution of roughly 24% to 25% of total GDP down to about 12% to 19% (with real estate alone accounting for roughly 6% of GDP) as the market undergoes a prolonged structural correctionThey will be fine>NOOOO YOU CANT LET THE MARKET CORRECT ITSELF They are unironically more free market then the US.
CHINA BIG, GONNA WIN
>>540125460>real capitalism hasn't been tried
>>540122578>housing price going downHo, no. How horrible...I wish it was me.
>>540122578? affordable home prices is a bad thing?
>>540122578Vast areas of China had massive rainstorms this past month, whole towns were washed away, 100 year old dirt dams breached, and there seems to be a bunch of factory fires. Possible arson by disgruntled employees who have not been paid for months.[ https://www.youtube.com/watch?v=gsvMW0WxekA ][ https://www.youtube.com/watch?v=Rt1nXWsJNqc ]
>>540124091>How does it affect the economy though?It's no wonder your country's economy is in shambles, Joao.If an asset loses value, its owners suffer enormous losses. For decades, most Chinese families have invested their life savings in apartments because they saw it as one of the few ways to preserve and grow their wealth, given that interest rates on bank deposits are minimal. Now, hundreds of millions of people will be left with nothing because their assets are worth less than when they bought them.This is why China's economy is doomed in the long term. It was also already known that the CCP bureaucrats were manipulating their GDP numbers. You can read many articles in The Economist proving that. Now, EVERYONE knows it's true.
>>540127646
>>540126299>NOOOO YOU CANT LET THE MARKET CORRECT ITSELFExcept it's not correcting itself, it's correcting the wild experiment of the communist regime that ordered the construction of more housing than the market ever demanded. This correction is occurring at the cost of hundreds of millions of ordinary Chinese people. This will probably be an even worse crisis than the one that followed the Great Leap Forward, maybe they won't go hungry this time, but they're definitely going to lose most of their money. Meanwhile, the CCP kingpins and Xi's oligarch friends will continue living as if nothing has happened. In the end, however, this will inevitably cause the collapse of the economy and the incompetent communist regime.
>>540122833I will move to China and become a nigger there. Problems chang?
>>540123896wtf deej is doing pixel art now?
>UAE flagits probably Indian pajjeet posting from the appartment where he lives with 10 pajeets in one room without air conditioner.
>>540128162Money frozen into real estate is money not circulating into the economy. Their homes may lose value but they will still have 4 walls and a roof above their heads. It will cause short term uncertainty resulting in lower domestic spending for a while but will ultimately result in all new home owners now having large amounts of extra disposable income. Not only that but it's also extremely common for Chinese people to rely on financial help from their families (>70%) when buying their first homes. That's also money being freed from the shackles of real estate.
>>540129094>but will ultimately result in all new home owners now having large amounts of extra disposable income.Which new homeowners, lol?Not with a demographic pyramid like this one.
>>540122578I should move there at least I could afford a house. Since the only thing Zognold care about is bombing white people in Iran for Israel.
>>540122833Retards will still claim it's 5D quantum chess from Xi because of the meme "not for speculation" discourse (never mind that speech was from ten years ago, apparently it took 6 years to take effect!)
>>540129411>that sex ratio in the youthEven if you somehow obtained state enforced monogamy (they won't, it is a feminist hell in all that matters despite not being much into politics, with the average woman having a couple of abortions), 15% of Chinese men would still be an incompressible incel/cuck class.
>>540122578>two more weeks till chink collapse!Kek. I’ve been hearing this since my first memories in the early 90’s. Every year we just get weaker, more replacements, gayer, fatter, more poor, drugged up and stupid. Every year the chinks get stronger and better.
>>540130435>Retards will still claim it's 5D quantum chess from XiAs long as they keep undeniably winning and displacing globohomo everywhere in the world, people will understandably assume that’s the case anon. Because it is, Xi is getting results. We just got another gay losing war for jews after explicitly voting against it, and more anti-White male shitskin replacements garbage. It’s unironically over.
Investing in real estate should be banned. It's jewish.China good.
>>540122578house prices going down is a good thing.
China beats america.
>>540131539Not for jews.
Chink strong.
>>540125419Realestate isn't wealth. A house is a house no matter what it's speculative value is. Chinese people do not need to sell their houses to retire. Their actual source of wealth is their real production of goods not imaginary or speculative bubbles.
>>540136126>Realestate isn't wealthIt is(was) in China.>A house is a house no matter what it's speculative value isCorrect, but if a group of people invested in the building of it with the hopes of renting or leasing the space, and it sits empty, they basically threw their money away.>Chinese people do not need to sell their houses to retireWell, they can't, because they're upside down now, they owe more than it's worth.>Their actual source of wealth is their real production of goods not imaginary or speculative bubblesYou're not allowed to say that in China, you'll get thrown in jail for talking bad about their supreme leader and his infallable foresight.
Am I the only one that finds it incredibly humurous that the easiest solution for China's collapsing real estate market is to import millions of poos and niggers?
>>540122833>Invested in housing marketChina has the right idea by trending this type of investing for its people to follow blindly .Once the money is invested, the market crashes and the money disappears.This is the best possible way to correct inflation. Literally deleting inflation.
>>540122578What would I give for 2005 prices here.
>>540125200China just printed more houses.
>>540128367>losing money is worse than starving to deathwhat is wrong with semitic brains?
>>540128367>Built more than needed.It's basically their bridge to nowhere.Infrastructure and housing etc contribute to GDP, allowing China to continue borrowing at unsustainable rates.They literally think this is a global war of attrition where he whomst borrows most and collapses last, wins.
>>540122578>>540122833>>540122911>>540123757>source: ameriniggers>it was real in my muttnigger mind>its another obvious muttnigger samefag thead
>>540122578Real estate collapse is great for society.
