China’s housing crisis

Chew Toy McCoy

Pleb
Vaccinated
Site Donor
Posts
5,798
Reaction score
8,843

SuperMatt

Site Master
Posts
7,690
Reaction score
14,520

This will be interesting to watch. In some ways their crisis is the opposite of the US crisis, too much inventory coupled with our similar “Growth! Growth! Growth! Addiction.
These investors want the gains without the risk. When it goes bad, they want a bailout. If they default, give the creditors the property. If the creditors loaned more than what the property is worth, oh well - they screwed up. They can fire their executives and/or or take it out of their pay.
 
Top Bottom