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Why China’s Crazy Housing Bubble REFUSES TO BURST!

40 Comments

This is getting ridiculous! Housing prices in China have now got to the insane price that an entire year’s salary can only buy you 10 square feet, so on average it takes 900 years of salary to pay for a small 2 bedroom apartment in the big cities… Why? What’s going on? How is it that this market hasn’t exploded yet?

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Written by serpentza

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Comments

  1. This will eventually end very badly, it's really just greed on steroids and the people hurt the most are the young graduates entering the workplace, how will they ever survive?
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  4. Interesting! So VP Biden signed that MOU with Xi Jinping during the Obama Administration so CCP companies would not be audited and vetted prior to being listed on NYSE >>> thought it was devious espionage but also enough flakey CCP companies could crash the NYSE?!

  11. Hey serpentza could you talk about china hidden debt, it uses its hidden to debt to fund most of the infrastructure, such as transport and etc, and china been using stimulus as a form of investment for years, with hiding it to investors.

  13. lmao, the US is in the same situation, yet no one talks about it. We have a huge homeless problem. We also have 17 million empty homes. Ny can fix its own homeless problem with the amount of empty apartments they have.

  15. Ban all chinese exports to the west and the communist will fall in Pekin the same way they fell in Moscow 30 years ago, the west is feeding this monster

  18. They don't have anywhere else to invest. They can't buy foreign stocks, capital controls, movement controls, and they know their stock market is rigged.

  22. So how does this Chinese RE bubble end? There have been successive cycles of up and down in Chinese real estate, but no crash and no reset of prices. With each cycle prices continue to rise? All parties, except for those actually needing housing, benefit from each cycle. Thanks for the video.

  23. Turkey also has the concrete infestation. Thing is that all the buildings are empty and is a money laundering show. The government and construction company goes hand in hand. The rates are to low and these companies steal money from the State Treasury and send it abroad.

  28. This is literally exactly how the 2008 financial collapse happened. Except then if you held onto your property for a decade you could get what you paid for it. This is worse because these people don’t own the property/land, and if what Winston says is true, they won’t own anything because the building will be demolished.

    This is so much worse than what 2008 did to America. China is fucked.

  29. Bubble is simply the excessive amount of money printed. That’s why bubbles don’t burst. They only get bigger and bigger, in any country, any industry such as the stock market and Bitcoin. It just sux to be those making a regular salary. Whatever amount of money they are making is worthing less and less by the day.

  33. These societal issues are why China could never take over the world but they will try until they die to prove they could do it, even if just a show. I hope Chinese people are on the verge of freeing themselves from the CCP

  35. As someone who has been a faithful watcher since the good ol' Custom bikes days when there were no old videos to go back and catch up on, I've considered your channels to be some of my best resources for gaining inside insight. I have several friends who play games online professionally, some of whom live in mainland China, and they have pretty much backed up every single point I've raised, giving me their local viewpoint on it, from things like the rat eating in remote villages to milk dogs and even the "nail houses". In fact, since the video you guys did on said empty "property investment to say we built there" typc construction… I've been waiting for it to crash HARD, just like it did over there in America when theirs burst. That had a huge effect on the world economy, but pales in comparison to the sheer scale of this Chinese housing bubble. When it DOES pop, there will be a lot of… unrestful activity. That's the nicest way I can think of wording this so that YT doesn't get too angry at my post.

  36. I've seen some videos of chinese buildings made out of poor material that can literally get holes poked into it.

    No wonder they can afford to build, destroy and rebuild so much. Really not surprised that also happens in China.

  38. Good if you can keep these kind of videos going. Do you think china can really become the superpower its hyped to become with 500 million elderly and an almost 3:1 male to female ratio? Can they be the first to bounce back from something like that naturally?

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