Heise Says
#realestate #mortgages #heisesays
Chinese buyers are abandoning their mortgages on stalled projects. What will this mean for the Australian economy?
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bring it on
We just left behind the best decades of economic boom. The next few decades will suck.
Australia has some tentacles of there own creeping through our property market
They are defaulting on PROJECTS that have STOPPED .
Btw China banks hold 30% of mortgages on there books :
Australia 70% ,
What this space
Misinformation!!! Make tiny small part of population problems into big deal. Exaggeration and speculation of future. Heise you have gotten wrong or inaccurate.
So the coal price is up , so how's that green energy panning out for the world now.😂 don't get me wrong I think we need to eventually go green energy but built up over a long time to make sure we have the energy to power our economy and that it could sustain the grid before slowly shutting down our coal plants
Both Chinses first tier cities real estate and Australian three major cities are within one per cent of slowing down. Please do not make false alarming.
The price of copper tracks directly with construction. China has effectively shot itself in the foot. Australia lost nothing by their petty fiscal war against us. Wish lobsters would drop domestically in price..
I bought coal shares last year for my Super, wish I'd bought 4x as many: It's holding up my whole f*g portfolio rn 😂
I GRAB MY STEIN OF COFFEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
You juat need to look over to Japan …. 4 decades and counting … of depression, s suicides and a thriving porn industry …. or… what your kids can look forward to.
China is deflating its property bubble and will come out good from it. They will get itdiwn 40 to 50 percent which us already happening
But the truth is majority countries like US, Europe, Australia, NZ, Canada, etc goes down 10 percent they start shivering and pisz in pants .
Remember China produces goods and it is a manufacturing juggernaut. and majority of western countries don't produce much.
These bank runs sound like celsius.
😆 🤣 😂 The banks that provided the mortgages would be scratching their heads as to the value of foreclosed uncompleted apartments…
I thought ESG knackered fossil fuel investment or is that just for the great unwashed??!
When copper drops there is usually a recession
From my understanding, the Chinese don't pay a deposit on properties off the plan as we do in Australia. They get a loan from a China bank and pay in full the cost of the property upfront. As the property is being built they are paying off the loan. Because of the lockdowns, buyers are paying for something that hasn't been delivered yet by the developers and the lockdowns are obviously pissing the buyers off as the banks are collecting mortgage repayments.
What will Greta do now ? For some reason she's gone very quiet. 🤣🤣
Many of the large developers of apartments in Australia are subsidies of Chinese companies or underwritten by Chinese companies or are only build for Chinese investment clients/customers. It's all a Jenga puzzle and we are down to the last few options.
Watch Cu , it is approaching one of the great buys ever ! 🚀 The problem is picking the bottom , as Buffet says , you will never pick the top or bottom 😭 . Good luck everyone 🤷♂️ .
I remember not that long ago when coal was $150, and greenies were telling that it will not be economically viable to mine coal as renewables were cheaper. I asked them to explain why China was planning to double their coal power generation over the next five years if that were the case. Now coal is $400….
cheap copper lol
Its only temporary it will bounce back, plus australia is about to boom again.
My dad reckons that people just walked out their houses in Australia years ago.
Time to process iron ore in Australia.
A free market profit driven
system is sometimes best under certain conditions, but Chinese property market (which are capitalist) shows how horrifically & massively wasteful such a system is on a grade scale. Also a waste of our resources, imagine the better things it could go towards if it wasn't driven by profit, but Public Interest & transparency?
That has been done before too, high quality & cheap Govt funded housing after WW2. Govt can even make a lot of money from it if they want to to fund pensions, or break even.
Though Australia Govt creates the Aussie Dollar, so it doesn't need it from us for spending.
They call copper Doctor copper for a reason it falls before a big correction in markets, every big project needs lots of it as does the manufacturing sector to produce goods its a bad sign
Debt = Slavery "Let my people go" Time for NWO Jubilee…All (debt) Slaves Freed
i wish nothig but hardship for china . sucked in . i hope chinas ecomy collapses . thanks for the wuhan virus you grubs , no sympathy
In my latest video I outline how the Russian war is ausing the inflation that is taking income from China. Many have lost incomes not only from Cocid zero, but a slowing of exports to the cash strapped world that has to pay more for food and fuel.
Wait until they walk away from all the apartments they're building in Australian cities….