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Evergrande Exposed A Problem 10X Worse! | Chinas Housing Market Bubble
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It's finally happening lol, been waiting for this for 8 years.
Everything I bought from China in less than 6months repair no replacement.. not a thing to use display only haha
Chinese were too focus on stealing Taiwan and their military forces, and Americans we’re playing g chess the entire time
The Chinese currency must be massively overvalued due to the hidden debt and over valued property.
Socialism/communism economy collapsing like always China had it coming like the soviet union that Russia is still recovering from.
alot of other countries owes china too. including the US.
the thing i don't get it is and this is from a western stand point. if you own a property and can't rent it out that means you are losing money on maintenece, taxes, and all the other things rent pays for. So does the real estate value increase that much that it off sets all the expenses of owning property in China?
This is what happens when you let a country be run by corrupt greedy imbeciles with mental capacity of a 8 year old (and thats being generous, been in China for a long time, common sense is as rare as basic manners these parts).
“Domp eet.”
fools invested in this fools will pay
Could not have happened to a nicer group CCP has to own this.
Who gives a shit ?!?! I'm sick of humans. Money and power is that all that counts ? The entire humanity is living on a little grain of sand that's floating around in space. We have no other place to go, but meanwhile we keep on destroying the only home humanity has …. And for what ?
Karma's a bitch, then she takes all your money. Every dollar they disrupted, will be back. How many trillions were lost to covid=their lost$$$…live by the sword, you die by the sword. Bitcoin is next to fall.
nobody puts money in the bank because China can just change the value of your money so people buy apartments that are supposed to hold value
Dude China 🇨🇳 CCP figured out that all they need to do is print money paper is cheap.
As far as I know, based on information from ADVChina, this market lives by increasing. If it slows down even by 10%, it's dead as people will only buy if they know they can resell for a profit. It's not just their own money they invest, it's also hefty mortgages which have extreme interest payments – but again, selling for a profit will cover the mortgage payments as well.
I think that we are seeing a bubble which has been growing slowly, silently and secretly for decades starting to burst – and if housing construction stops, so does much of heavy industry. If heavy industry slows, so will medium industry which delivers tools and intermediate products such as steel. So will Light industry delivering protective clothing, shoes and hard-hats. And so on, you get the picture.
They won't have any blackouts anymore, so that may be seen as a plus.
THE CRYPTO AND FOREST TRADE CURRENCY MARKET HAS BEEN GOOD NEWS LATELY, MANY PEOPLE IN IT ARE SEEKING A GREAT RETURN INVESTING TO SECURE MORE PROFIT AND ENSURE SUCCESS
What’s most concerning is how China will pull themselves out of this. How did the US pull out of the Great Depression? Some say WWII…
Thanks for the video. There is an even bigger component that you didn't address. The quality of the Evergrande construction is beyond poor. Check out this tour of some of the ghost cities and see how bad the construction is. https://www.youtube.com/watch?v=XopSDJq6w8E&t=8s
It's not a ponzi scheme. Real estate has value. In a ponzi scheme, the seller tricks people into buying something of little or no value, and the profit is derived from recruiting other buyers. That's not applicable in buying and selling real estate. Real estate is already an asset. You're just using the term in order to rile up your viewers.
Nice analysis
and so the paper dragon falls…
China is not US. Government of China does not need approval of the congress to print money. When you advance a 97% drop in price you simply oxymoron.
A further problem for China. Government revenue comes largely from land sales. With a decline in demand there will be a reduction in government income- so less income to pay the debt out of.
Greed
Let the bubble pop. Prices are to high. Average workers can't afford a house
Inshallah the house price crash in the UK is coming overnight be careful don't buy something u don't need especially on credit
So what, you don't need to buy new things.
House of cards…good luck everybody
So, the China Communist Party will scream racism, if people were allowed to actually OWN their property and have a free market capital system they would not be preparing for War, war to distract the people from the real problem:Maoist Communusm and CCP.
Good for all investers in the CCP!!!!! Good, the dragon is/was a snake all along. Now, investers whine to your countries governments.