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This is what happens when your hole economy relies only on real estate. This will happen. In. Canada people put all there money into real estate. Canadas housing. Unable bursting is king over do with interest so high who can even buy a house anymore.
Of course it will,steel,oil,cement,glass,even finance industries losing their biggest consument.
Ownership is no difference at the end of the day
noice
Do they have breakdowns of the debts and GDP profits of every provinces?
😁I have a video in my channel comparing and breaking down Chinese and US real estate fundamentals and problems side by side. If anyone is interested. Feel free to check it out.😬
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
China's real estate industry clapsing just as North Asia (Russia) flee a war zone hmmm…🤔
Chinas Chinavirus already hit the global economy… just a couple million dead innocents…
People just don't learn, because investing your life savings into a property that will never be build, sounds pretty dumb to me.
China Comunist Party #TofuDregs 😅.
In na comunist country, Private property was the ultimate dream for many chineses. But under CCP everything becomes H3LL.
Amazing content, You remain the best!! It's been a year since I found ways to improve my finances and by working with a renowned professional, I was able to attain financial independence. I have to say this ; “As long as you are determined and work hard, you can achieve whatever you place your mind on.”
People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
Karma
fake news
Like every other country has healthy real estate practices 😂 landlords are ruining the world.
First guy is wrong. They don’t out a down payment on an unbuilt house. They buy the whole thing.
Yep, it'll hit the global economy right where it hurts…in the toilet, where it already is.
The entire world economy is f'd, and people warned us this would happen back in 2019, we did the stupid things anyways and get to enjoy our rewards.
This is what we get for being pathetic cowards, and letting small groups of people make decisions for entire countries.
When you look back, you'll see that not once did they predict correctly. China is their nightmare, they pay attention to China every day
Rubbish media. These stories have been around for years.
It's amazing how these developments went ahead without pre-sales or pre-lets. I find it quite silly how the developer will run out of money during the construction period. I guess this is a perfect example of the importance of property fundamentals. 😮
If China's real estate crisis triggers a market crash or a financial crisis, it could send shockwaves through the stock markets worldwide. I’m worried about my investment of over $600K stocks. Is this a time to consider diversifying my portfolios?
This issue could be more frightening than it appears on the surface. Where did all China’s loan money come from? Not only in China real estate market, but in their belt and road projects around the world. Did that loan money include the World Bank, IMF, or U.S. banks? If so, at the very least US taxpayers could be on the hook, money markets have World Bank exposure. I don’t see how China could have financed everything domestically.
According to Wikipedia, even Evergrande was making a profit (around 9 billion in operating income, and over a billion in net profit) in 2020 and had also a positive equity (over 50 billion dollars) while a company like Boeing is making a huge loss (over 5 billion dollar in net losses) and has a deeply negative equity (over 15 billion in the red).
But I guess Boeing has to deal with the IRS, SEC and Co. while Evergrande and Co. have to deal with the CCP/ Xi.
I struggle to believe that china is building these houses to modern standards as the person said in the video. From my experience of hotels in china they're often build terribly and cut loada of corners. Even the 5 star hotels initially look good on the surface but doesnt take long to see loads of badly thought-out things and clear cost cutting to give an inferior product.
They should have been building in the Netherlands, our government is too stupid to build.
Crisis? Nothing more than regular market adjustments
Didn't really answer the question of whether or how it will affect the global economy…
what a dumb model to fool dumb buyers…. pay first then hopefully you'd get your apartment later
The CCP will spin it to their benefit.
9:03 random lady shows up
These past months has been tough globally, A flailing U.S. economy, elevated global tensions, prolonged inflation and recession , massive layoffs, it’s been a difficult financial year for a lot of people. The only way to really beat this declining system is to !nvest, any money saved or kept in a low interest account losses it’s value each year. !nvesting is the only way to ever attain financial security and get out of the rat race. I started investing in stocks and Defi April this Year. With a start of $45k, my portfolio currently sits at a comfortable $380k. There are are lots of opportunities in the market to make really good :nvestments and it’s a surprise many are not utilizing it.
You cant use whats not there or just lies.what losers sijing.
Abuse of the system, money laundering is the problem, China is rife with corrupt ceo's.
This administration is putting so many families into difficult situations, I pray for our country. low income people are suffering to survive! I appreciate Mrs Larris waters Imagine investing $1000 and receiving $6200 in a few days
I’m living in the states and China but China is safer. Tell me I’m wrong
All bubbles burst. I tried to say that to the Chinese I knew when I was living there. I got the reply that real estate always goes up. Nothing except taxes goes up forever🤣🤣🤣
Yeah…Your years late Mr News Network.
@CNBC
good propaganda US trillions n trillions debts bring goodness to world, china couple of billions real estate INTERNAL debt brings world crisis . TRY harder
China have so much RE on its portfolio. But too bad the population declining and aging.
If the Chinese government wanted to prevent housing oversupply, why didn't they just stop giving permissions for NEW development projects instead of enforcing debt ratios which would (and later to be proven) constrain the continuity of EXISTING projects?🤔 Does anyone could help to explain? Thank you in advance🙏🙏🙏
Western media just can't help but to blow everything negative about China way out of proportion to make it seem much worse than it really is. Say what you will, but this move to reset the real estate market is benefitting the masses and only hurt bad developers and landlords who overleveraged debts, but young people can now afford housing.
lol losers
anybody else get a wierd subliminal message around 9:03?
Fake news