If you look at their rental fees, the home price was never feasible because break even point takes centuries, while the home is actually a 70 year lease from CC

@rebeltheharem7028

7 күн бұрын

Indeed. If you can't break even At that point its more of a "pass the bomb" between the wealthy, similar to a ponzi scheme (which from what I hear is how most real estate developers in China operated).

@heyquantboy

7 күн бұрын

if home ownership is 70 years, isn't this really prepaid rent rather than ownership?

@sleepinglaffey3886

7 күн бұрын

Patriotism of Xinnie PorkPooh #slopagandpa - With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters. -Chinese 🇨🇳 property Ponzi sector, which accounts for 30% of GDP, is crashing -Tofu Exports and Western imports, accounting for 37% GDP, are down. -Foreign investment is falling over 90% compared to it's peak in 2018. -Foreign visitors are down 96% compared to the pre-pandemic level in 2019 with less than 200 americans left. -Consumer prices are experiencing hyperstagdeflation. -Youth unemployment hits over 21% (in reality 50%+ after eliminating faked numbers), a record. -It's fast shrinking workforce is 10 years old than neighboring countries. - During the years 1990-2021, the US printed 6.5 time more money while China printed 147 times. - It has printed more money than the US and Japan combined, while it's economy is only half of them. - Current Chinese debt-to-gdp is already highest in the world, at 300%, according to Bloomberg. - This is a macroeconomic nightmare created by the party going way back in 1994 when they took the Tofu money off the international exchange. Now in 2024, the banks and the average little pink have no idea what is the ACTUAL value of anything within the country. Any stimulus from the Central state. will be meaningless and ineffectual because the Central Bank is a part of the Party. Thereby merging both fiscal Central and monetary private policies into one ongoing disaster. Local province officials were doing stimulus spending for decades in tandem of the "Economic Miracle" which will undermine any Central stimulus during an actual depression/recession or more accurately.. HYPERSTAGDEFLATIONARY NIGHTMARE. -- in the future house prices will drop to 10%, youth unemployment will be over 70%+ without streams, and middle class people over 35 will all be laid off. How will you do in a country where real estate companies, local governments, and banks across China have crashed or fled? That is your challenge for the future (will you own a trash house with the mortgage?). Pensions will be laundered and your daily pay will be 2 dollars. Mengze harvard daughter: lives in US brother: australian green card daughter in law: british green card sister: canadian citizen brother in law: canadian citizen second sister: australian green card second brother in law: australian green card Arctic Catfish Shenzhen: laughs at how Leeks feed her WOW SO GOOD AWESOME Organ Leeks #sloprosperity #theskydontlie

@TrickOrRetreat

7 күн бұрын

Lease is 40 years

@evfactsnotliesplease

6 күн бұрын

@@sleepinglaffey3886 This is what happens to people who think organ harvesting of human rights advocates is considered acceptable behaviour.

It's not the property, it is your leadership.

@phuachongboon3260

7 күн бұрын

Well said!!!!

@cyberslim7955

6 күн бұрын

Both...

@hillbilly4895

6 күн бұрын

Yup. Capitalism is a lot of things, but mostly, it's a confidence game. Xi, and all those surrounding him, are true believing Communists. Capitalism and Communism are incompatible by design. These houses are selling at the same level as the confidence of the buyers. Xi is eliminating the Capitalism to the level that it no longer threatens Communism. Only the people of China can change this. I'm not hopeful.

if only people stopped uying homes as an "investment" and do it as "to live in it"

@xostler

3 күн бұрын

If only government target a yearly inflation at rate of 2%. That means if you saved $100 dollars today, it would worth $50 buying power in 25 years. Government is why people use homes as a retirement program… because even if they saved every dollar they made they would still be broke in 40 years… Politicians are always the problem. Even in the Great Depression the government lied to people and said there was more money in the banks than there actually was.

The longer these doldrums persist the more unrest there’s going to be.

Housing prices have yet to bottom out in major Chinese cities as the slump is still accelerating. Sluggish domestic demand is the crux of the issue as people are saving and scrimping money for different purposes other than purchasing a house.

I think it serves them all right. What was the idea of buying multiple properties and having a hand in jacking up the market ? Wasn't it to gouge the unsuspecting and really needy people in the future? The real victims are those who bought the property to actually live in and their homes were never completed.

Good. This is inline with the purpose of property, it is for staying n not for speculation.

Good. Let's all further help the Chinese out by reducing any Made-in-China purchases whenever humanly possible.

House is something to live in. NOT an investment. This cause price to bubble and make those who needs a house cannot afford it

Sluggish Its All Tofu Dreg construction 😂

chinese housing market crashes faster than chinese tofu rockets

OOFconoomy keeps OOFing in China!

Sorry.....high rise housing is....a death trap. for the cost, I live in a house or a 3 story apartment

Property collapse, business bankruptcies, no jobs, full on depression.

Greatttttt! I listen to Peter all the time on KZread. He’s the real deal & wonderful communicator. 🇺🇸👮‍♀️

@justalex6301

7 күн бұрын

no Peter for me, I trust Paull and Mary much more.

May be a video on actual Chinese companies which are supported by state will give real insight how they are able to hold…

What your leader doing just bullying your neighbors

If people can,you should buy outright a property. Don't get a mortgage or loans for it. That way you can take advantage of these low prices. Buy a fully finished one that's been built for a few year,so hopefully any faults can be sorted.

What is the freaking point of banning them from high speed rail when they go bankrupt? Won't that just keep them from going to work?

The chinese when they do business is shady or like a pyramid scheme. They sell houses and apartments when its not even finished yet. 😅😅😅

Housing Mortgage is a killer. Those who took long term loan, 30 + yrs, is like slowly stucking one's life ($). Like, because it is so easy to get a loan, this only push the housing price, thus over inflated. Now, that their mortgage is unpaid and they can no longer afford it, this is good news. This means, housing property will finally stablized. Maybe in 2 yrs, l can finally get a propery in SH.

The towers aren’t designed to last 30 years, the standard depreciation period in the US. You’re lucky for it to last 10 to 20 years at best. In 70 years as the last title owner, your condo is likely demolished for new development. The government needs to churn their land to make money.

can anyone tell me is the audio recorded by a human being or is it text-to-voice?

@EllehcoreDaiko

6 күн бұрын

I've always wondered the same thing

RMB or USD? When you say dollars I'm assuming USD, Right? 1-2 bedroom in the PRC for a million dollars (USD)?

Market crashes happen. And usually it's a blessed period for those with a lot of cash. The really question is why no one outside China is ready to buy cheap flats & houses... poor quality of construction, CCP everywhere, questionable food quality, massive pollution, laws always against the foreigners, etc.

where is 80k apartment? where is 2k sqm?

Why they still building some high condo

Terrible in china

People with money should be buying them up while they cheap. Those people will do well in the next 15 years

@kieragard

7 күн бұрын

Assuming the country still functions in fifteen years.

@EllehcoreDaiko

6 күн бұрын

It'll probably fall apart before 15 years...

Home owners are suffering

-.- blame the real estate gurus

The bubble burst and people are still greedy with too high prices.

BS, actual prices are still high. These are individuals creating click bates

0:00 those buyers are mad as "h.e.l.l." & they want their money back😬 1:36 😬 4:36 oh man😯 7:07 it does speak for itself. 11:29 just dang☹ 11:47 that is concerning & a much more problematic situation😦 12:12 good effort in some direction, but it seems like the houses are too expensive. & that's my opinion🥸🥸🥸 13:07 why don't they start a different program to help house those who are houseless & offer them a chance to recoup their financial troubles until the system gets better? Or am I fooling myself too much🤔? 13:48 so when will the world see this bankrupt eruption or what sign will we have to see when this does happen🤔?

NEGATIVE effect... China's bullying hegemonic attitude towards ur neighboring countries... What u reap is what u sow

Vertical slums.

They already have around few hundred millions homes and thanks to one-child policy - shrinking population. With 30% GDP from real estate - what's the plan for next 10-20 years?

@michaelellringer5600

5 күн бұрын

Population shrinkage in Russia, China, Korea, the U.S. and a good part of Europe.

The government needs to take money from rich CCP party officials to be able to save China’s real estate market and collapsing banks.

Houses prices dropping is a good thing. In America people are crying over rising home prices. In china they cry over lower prices. If u buying to live in, then lower prices are terrific. But those that are crying bought it as investment. Boohoo greed backfired

Great video!! I can recall when I was homeless and faced many things in life until $50,000 biweekly began rolling in and my life went from a homeless nobody to a different person with good things to offer!!!!

@ScottMaldo

7 күн бұрын

That is lovely. But if i may ask, how did you come up with so much biweekly?

@EmilySarahh

7 күн бұрын

It's Caroline Maria Bravo doing, she changed my life. A BROKER- like her is what you need

@EmilySarahh

7 күн бұрын

$_700k and yet still counting on. Caroline Maria Bravo is the kind of person one needs in his or her life to be honest❤️❤️❤️>>>>>>

@JockFloresca

7 күн бұрын

Wow 😱 I know her too Caroline Maria Bravo is a remarkable individual who has brought immense positivity and inspiration into my life. Her unwavering wisdom has been an invaluable asset, enriching my journey in countless ways

@Briley253

7 күн бұрын

Smart individuals👍

7/3/2024

There is no reason for mischievousness from western countries. In the modern globalized world economy the economic growth of EU and USA is connected to the growth of Asia. Especially my country Germany is negative affected by decreasing trade with China. But of course the CCP and XiPing are responsible for crashing bubbles in the real estate and banking sector. But China is not so much a centralized System as we like to believe - once Deng XiaPing had decentralized the chinese System. Regions like Shanghai are in many ways self-responsible. The local politicans are to blame for there corruption. Here the political system of China fails because their is no controlling element in a dictatorship. No separation of powers. So on the political level you can say this crisis is well deserved. Thus opens the question how we in the Western Democraticies should react. Should we help out China and the CCP to stabilize the economy? Or should we try to use the weakness of China in some way. Probably we simply have not much possibilities to help them as the problems are structural problems of the political system. And probably starting more hostility is dangerous - dictatorships like to start wars as a diversion maneuver from inner crisis. My Opinion: Let’s offer them our help - but combine it with a polite remembrance that they should release the Uighures out of the chinese concentration camps. And when Bejing answers„we will not allow you to extort us“ - our politicans should answer that „we can sell the idea of helping a dictatorship to the public opinion in our countries only when it’s combined with positive effects on human rights.“

Ahh finally 😅

These videos keep spouting this nonsense about "the house won't sell". It won't sell AT YOUR SALE PRICE. "Oh, I dropped the price 51%!" Drop the initial price 75%. Interest will be huge, and it start a bidding war. It is Real Estate 101. Then you will get the true market value for these properties... which none of these flippers, speculators and developers want. Homes are auctioned off all the time when there aren't obstacles to genuine price discovery.

I almost bought a condo in Shenzhen back in 2003. But I didn’t. I think it was best to not buy it. As a foreigner.

@movinon1242

7 күн бұрын

2003 would have been a great time to buy. You would have made a huge profit cashing out anytime before 2018, I think.

Market correction? Yes. Crash like America in 2008? No.

Something strange is going on here. Defo much different than in the UK at least. $30K-$50K for a two bedroom flat / 69 Sq meters sounds cheap despite it being small, but $700 a month seems like a lot monthly. Is this buying vs renting? You would maybe pay $700 a month on a £120,000 mortgage.

Patriotism of Xinnie PorkPooh #slopagandpa - With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters. -Chinese 🇨🇳 property Ponzi sector, which accounts for 30% of GDP, is crashing -Tofu Exports and Western imports, accounting for 37% GDP, are down. -Foreign investment is falling over 90% compared to it's peak in 2018. -Foreign visitors are down 96% compared to the pre-pandemic level in 2019 with less than 200 americans left. -Consumer prices are experiencing hyperstagdeflation. -Youth unemployment hits over 21% (in reality 50%+ after eliminating faked numbers), a record. -It's fast shrinking workforce is 10 years old than neighboring countries. - During the years 1990-2021, the US printed 6.5 time more money while China printed 147 times. - It has printed more money than the US and Japan combined, while it's economy is only half of them. - Current Chinese debt-to-gdp is already highest in the world, at 300%, according to Bloomberg. - This is a macroeconomic nightmare created by the party going way back in 1994 when they took the Tofu money off the international exchange. Now in 2024, the banks and the average little pink have no idea what is the ACTUAL value of anything within the country. Any stimulus from the Central state. will be meaningless and ineffectual because the Central Bank is a part of the Party. Thereby merging both fiscal Central and monetary private policies into one ongoing disaster. Local province officials were doing stimulus spending for decades in tandem of the "Economic Miracle" which will undermine any Central stimulus during an actual depression/recession or more accurately.. HYPERSTAGDEFLATIONARY NIGHTMARE. -- in the future house prices will drop to 10%, youth unemployment will be over 70%+ without streams, and middle class people over 35 will all be laid off. How will you do in a country where real estate companies, local governments, and banks across China have crashed or fled? That is your challenge for the future (will you own a trash house with the mortgage?). Pensions will be laundered and your daily pay will be 2 dollars. Mengze harvard daughter: lives in US brother: australian green card daughter in law: british green card sister: canadian citizen brother in law: canadian citizen second sister: australian green card second brother in law: australian green card Arctic Catfish Shenzhen: laughs at how Leeks feed her WOW SO GOOD AWESOME Organ Leeks #sloprosperity #theskydontlie