China’s homebuyers default on mortgages, losing the most. Homeowners are the biggest loser.

Рет қаралды 36,560

7 күн бұрын

#chinainsights
China's housing market continues to be on the decline, with the number of properties in default and foreclosures increasing in the first half of 2024. In this episode, we look at the wave of defaults across many parts of China. How bad is this trend? Even banks have begun to refuse to take over properties in default. It's not that banks in China have suddenly become kind-hearted. We'll look at the reasons behind it in the second half of the episode...
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Пікірлер: 259

@hanknyc 5 күн бұрын

I lived in China from 1993 to 2003. In hindsight it was probably the most open and prosperous time in China’s modern history. Now it’s all 崩溃

@umanoomgombi3842 5 күн бұрын

It took alo't for china to get this far, they had to work and sacrifice alot. For the president of china to say its all his, it's megalomania.

@pv2639 4 күн бұрын

You ate gutter oil and toilet vegetables hahaha 😂

@chinesesparrows 4 күн бұрын

Just ignore the thousands disappeared since 1989 like nothing happened. They never changed bud

@m.x. 4 күн бұрын

Don't fall for the anti-China propaganda. If you went there again, you'd see that China is even more developed, open and prosperous than ever.

@m.x. 4 күн бұрын

@@umanoomgombi3842 Nah, he has the support of majority of CCP members and Chinese citizens. Research about the CCP and how it works internally, you might learn one or two things.

@johnelst4232 5 күн бұрын

After the bank has ruined the lives of sooo many people by seizing their homes but now they are the ones going bankrupt….Karma’s a bitch isn’t it. Serves them right.

@ywsx6489 4 күн бұрын

nah the leaders of the bank already stole enough money to retire in luxury in the west.

@terrycrews1584 4 күн бұрын

All you have to do is to pay your damn monthly mortgage payments, the bank is being lenient with 3 months until foreclosure and if you still dont have income, thats just because youre incapable of financial management and/or suck at finding ANY job.

@douglassun8456 4 күн бұрын

To be fair, the banks have very little choice. In case you have never taken out a loan for anything, this is how it works: The bank has already paid the developer in full for the house. It counts on making its money back as you pay down the loan. Until you pay it off, the house is collateral for the loan that you took out from the bank. Without the legal right to seize your house if you don't make your mortgage payments, the bank has no way to recover the very substantial amount of money that they loaned you. Only a child or a very naive adult fails to understand this.

@okamimakinarts497 4 күн бұрын

Woof, the ignorance there,@@terrycrews1584. I highly recomend getting caught up on the last 7-8ish months worth of news from the channels covering China and the ccp's shinanigans at least. Regarding CCP, you could be the shining role model in all aspects. (Finance, behavior, loyalty) and still end up in the same situation. If you are refering to a different country's situation, might wanna state it, cause from what I can see, @johnslst4232 was talking about chinese matters. Not us/uk or another country's situation.

@okamimakinarts497 4 күн бұрын

@douglassun8456 in normal situations. That is true, you are not wrong in this reguard. Problem is in the land of the CCP, the banks have closed customer out of their accounts months at a time before.(I think the video from China observer covering this was a couple months ago? Give or take?) Last I recall they still heavily question their own customers on what the purpose of their withdrawals are. Drag on question and either waste time or decline withdrawals. Some of the reasons Were to pay for mortgages. Some of these folks were late because of their banks iron gripping the money of their customers. Doesn't mean all of em were perfect models with finances- good number of them just burned money as if the ash produced is needed to breathe. But not all of em did this.

@gazinger 4 күн бұрын

I just sold my parents' home in a capital city of China. The local government charged me 30% of the sale price for tax! The local government is lack of funding and seriously overvalue my sold property, thus they could charge more tax on a sold property.

@RUHappyATM 4 күн бұрын

Seriously? That's brutal.

@holboroman 4 күн бұрын

@@RUHappyATM So true!

@HerrSchaft007 4 күн бұрын

30% on the complete sale price or "just" the gains versus initial price your parents bought it for back then?

@laowai2000 4 күн бұрын

@@HerrSchaft007 tax should be only on the capital gain

@charleswomack2166 4 күн бұрын

@@HerrSchaft007that depends upon when the home was purchased and the value of it back then.

@max__pain 4 күн бұрын

How can they continue to claim that GDP is growing by 5%? House prices and construction are collapsing, consumer spending is down, many shops and restaurants have closed...

@ywsx6489 4 күн бұрын

the same way they claimed to have bumper harvest during the great leap forward.

@sleepinglaffey3886 4 күн бұрын

AI 5G Expertise

@kha58 4 күн бұрын

5.3% 😂

@jam19h 4 сағат бұрын

Is it really that hard to see that they are lying? Look at us here in the USA. Our government is trying to tell us we have a strong economy with little inflation.

@naomicristinemaduro5975 4 күн бұрын

China's economy is like a patient with multiple organ failure

@chinesesparrows 5 күн бұрын

Even CN banks don't want CN tofu boxes in the sky 😆

@sleepinglaffey3886 4 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. How will you do in a world 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

@TheTektronik 5 күн бұрын

I guess nobody wants those sand castles.

@3xfelix 5 күн бұрын

kzfaq.info/get/bejne/pr9xadR8zMXKkmg.html Home foreclosure crisis is worse in the USA

@LinKongDa 5 күн бұрын

It works like this.When the owner default on a home. The bank foreclose on a home and theoretically WIN if they sell the home and keep the payments. But if they CANNOT sell the home and the price of the home keeps falling. The LIABILITY is now TRANSFERRED to the BANK. THIS is what SCARES the banks SHITLESS. They would rather that the homeowners keep this liability regardless of whether they pay the mortage which is set at the ORIGINAL price.

@pv2639 4 күн бұрын

I invested in a cow

@Kevin-qj7fp 4 күн бұрын

what you can learn from chinese people if you have excess money you can buy a home but if you can just break even on daily purchases and then you buy a home well your in for a rude awakening as you will fall into debt because you dint have excess money to secure the home and with chinas banks not wanting liabiility and debt they make the owner have the debt

@chinesesparrows 4 күн бұрын

But it was never a home, it was non-edible tofu. The tofu bubble built on tofu foundations has tofu fundamentals, it's literally a TikToking timebomb

@ltfreeborn 4 күн бұрын

@@pv2639A fat, meaty Chinese cow that has been slaughtered...

@Kevin-qj7fp 4 күн бұрын

@@chinesesparrows your right it is tofu

@medannylee1 5 күн бұрын

Good job Emperor Xi.

@MichaudDaniel 4 күн бұрын

Emperor Xi's fortune amounts to more than seven hundred million. How did he make his fortune?

@angloedu5499 4 күн бұрын

@MichaudDaniel, FYI Xi’s daughter is married secretly to UK passport holder. In addition, Xi and his handpicked team invested into the EV trend hoping to dump EVs everywhere. But wait, the EU, US, Australia, NZ, Canada, even Taiwan and Philippines have started to effectively tax these Chinese EV’s 100%! Elon Musk is a little nervous right now because even if Trump gets elected, Xi’s plan of Chinese EV economic dominance is finished. Even the Saudis and oil rich nations are surprisingly not in good spirits! Ouch who called the kettle black!

@jamestreanor182 4 күн бұрын

People are surprised that most of a mortgage payment is mostly interest...

@Origami84 14 сағат бұрын

In the beginning, though....

@Mexican00b 5 күн бұрын

homes arent an investment stop this trend, make homes be homes again

@Kevin-qj7fp 4 күн бұрын

exactly homes shouldent be used as investment you either live in a home and pay OUT OF YOUR WALLET for the monthy payment thats a liability the home dosent produce income like a buissness like a food restarount where people come in and buy food no the home is for you to live in for at max 100 years so that can you give to your next family or die alone and then have government seize it or sell it off in a profit or break even or loss for some other family that wants it

@rubiantary 4 күн бұрын

@@Kevin-qj7fp Its a whole different mindset. China citizens think more houses you own = more prosperous you are. This mindset goes a loong way back since china ancient era.

@RUHappyATM 4 күн бұрын

@@Kevin-qj7fp Unless you are in the West, like Australia.

@user-rt9ol5vp1i 4 күн бұрын

But what should Chinese do? Banks are poorly regulated. Stocks are full of scams. So that's why houses are the only choice to save your money. Well it was.

@RUHappyATM 4 күн бұрын

@@user-rt9ol5vp1i Yup, I agree. Could be the government doesn't believe in capitalism...LOL.

@SY-jq4yw 5 күн бұрын

This country is no place to live.

@DK-ev9dg 5 күн бұрын

😢😢😢😢loser, bitter and jealous.

@m.x. 4 күн бұрын

It's actually the most developed and prosperous country right now... go figure.

@UndeadSlayer5 4 күн бұрын

@@m.x.no it isn’t wumao

@turningpointaustralia9531 4 күн бұрын

I did for 27 years, I got out in 2019

@Mr-Ad-196 4 күн бұрын

@@m.x.prosperous? Nice joke.

@user-vh5di2gl9b 5 күн бұрын

When the bank won’t let you default you know it’s bad. Look for widespread demonstrations in your neighborhood soon!

@douglassun8456 4 күн бұрын

The story about the bank suddenly trying to play softball with defaulters reminds me of a bit of wisdom attributed to J Paul Getty: If you owe the bank $100, it's your problem. If you owe the bank $100 million, that's the bank's problem. If you put together all of the homeowners who are defaulting on mortgages, either because they have lost their income or they refuse to keep paying for rotten-tail condos that will never be livable, they are that debtor who owes $100 million to the bank. The Chinese banking system is in deep, deep trouble. Considering how many of the big banks are state-owned, by extension, the CCP is in for a world of hurt, too.

@MrEvans1 4 күн бұрын

Its 2008 crysis with chinese elements 😂

@thanakonpraepanich4284 3 күн бұрын

@@MrEvans1 Thailand, South Korea and Indonesia in 1998 - "Sit down sonny, you ain't seeing real shit yet."

@MrEvans1 3 күн бұрын

@@thanakonpraepanich4284 whole different situation, that one was on purpose

@aravearave 5 күн бұрын

dont buy any home that is more than 5x your annual income, if u cant afford. just rent

@RUHappyATM 4 күн бұрын

LOL, you must be talking about the baby-boom era.

@williss1192 4 күн бұрын

I've noticed but Chinese tend to take loans or borrow a lot thinking they can pay it off later...

@nobodyanybody3374 4 күн бұрын

So a few homeowners defulted on mortagages , its their problem but if millions of homeowners defaulted on mortgagaes than its the bank's problem.

@gavinlew8273 4 күн бұрын

😄

@filemontigor 5 күн бұрын

If the population with credit blacklist reach >60%, wouldn't it be wise to blacklist the bank instead?

@MrEvans1 4 күн бұрын

Banks are state owned, they will refuse to take the blame.

@mightT1 4 күн бұрын

buying a flat 12x one person salary.... there's the problem right there.

@SaruyamaPL 4 күн бұрын

That's how most of the world works

@legion8328 4 күн бұрын

Buy high sell low genius plan

@woobykal68 5 күн бұрын

The whole country is just a dumpster fire.

@DK-ev9dg 5 күн бұрын

😢😢😢America not China.

@basscannonjake1235 4 күн бұрын

Wumao high on that copium 😂

@306316 4 күн бұрын

It's just like how the saying goes, if you owe the bank a million dollars, you have a problem; if you owe the bank a billion dollars, the bank has a problem.

@vigneshkumar2553 4 күн бұрын

Everyone needs a home to live not a property

@gavinlew8273 4 күн бұрын

Yea, but property developers have sold the idea of a home in a property to make a profit.

@BR-hi6yt 4 күн бұрын

The lady has lost her home and has a debt off to pay over the rest of her life - an impossible position to be in.

@charliex2896 5 күн бұрын

"It would take 20 years to pay off and we never thought there will be an economic down turn." 😂😂😂 RIP if you are this delusional and I'm sure she isn't alone, probably the whole nation, especially the dear leaders. 😅😅

@KoFu. 4 күн бұрын

They constantly feed the population of fake news and since they don't have information about the rest of the world they believe them. Is incredible how an internet wall can became the main reason to control the population.

@piotrmajewski5978 4 күн бұрын

Leaders have offshore assets and investments. They knew what was coming.

@YourHineyness 4 күн бұрын

@@KoFu. It's interesting that in the past you needed a physical wall to imprison people. Today a virtual wall will work just as well.

@Centur10n819 4 күн бұрын

When the bank seizes the real estate and are not able to sell them, they still have to maintain the real estates. Instead of cutting losses, they are increasing their loss.

@dand337 4 күн бұрын

I don't get it. Why she has to repay again 300k after her home was seized

@NarutoPHC 2 күн бұрын

Don't feel bad. These guys inflated the their own housing market. The Chinese mindset is to buy properties even if the prices are way beyond their means.

@4k8t 5 күн бұрын

The only way to win when in a bubble environment would be to get out before the bubble bursts or, at least, before everyone else realizes that the party is over. Alternately don't play but that can be hard to do. Once everyone starts to realize that the party is over the attempts to get out means that everyone sells and few buy so prices drop and drop and drop. Given the situation the real estate bubble in China has not yet run its course to the bitter end.

@truechaosmulala3831 4 күн бұрын

The bubble popped when evergrande defaulted now it’s in a slow down spiral

@RUHappyATM 4 күн бұрын

Hindsight is great, ain't it?

@KaiserShield 5 күн бұрын

How are so many home buyers ignorant of their interest to principle payments until foreclosure? Are they just not keeping track of their mortgage payments?

@josedorsaith5261 4 күн бұрын

Good. Stick it to the foreign-owned banks.

@leoniscsem 2 күн бұрын

The account of the defaulting homeowner from Dongguan in the beginning (about 01:00 onwards) is baffling. A loan over 1,400,000 with an interest rate of 5.8% at monthly instalments of 8,000 is sheer madness! That's over 32 years of mortgage payments. The compounded interest on this amounts to over 1.7 million, which adds up to 3.1+ million total repayment! According to another report, up to 70% of the total costs of a flat in fact are land costs and taxes, which means this lady has agreed to pay a total amount of 3,700,000 RMB (including downpayment, interest and instalments). Yet the land cannot be owned by her, since it is and will remain government property, so she basically only owns 600,000 RMB worth of investment, whereas the remaining 3,1000,000 RMB are nothing more than a government and bank scam. How do people even get trapped in this financial madness? This is shocking!

@garen591 4 күн бұрын

Always buy the home that you can afford... just buying one room bigger is exponentially more expensive

@danielintheantipodes6741 5 күн бұрын

Banks are much the same the world over.

@FraudGuruExpert. 4 күн бұрын

do they send tanks?

@kateryan9988 4 күн бұрын

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

@NoSuffix 4 күн бұрын

For more than a decade, many have been pointing out the world's biggest bubble ever - the ridiculously expensive mainland China's apartments with suspicious quality and only up to 70-year usage right instead of real ownership compared to real estate in other countries. But many Chinese still dive into the market dreaming of getting rich quick through flipping those apartments with ever increasing price tags. Sympathy shouldn't be wasted on those gamblers.

@HerrSchaft007 4 күн бұрын

on the one hand your are completely right, on the other hand , in think, the chinese people dont have much alternatives for investing. Stocks are not that common, there. Thus you should rather blame the government and not the people.

@lobstermash 4 күн бұрын

Buy a second-hand apartment. It's already built, it's better quality, the prices have fallen recently, and there's no waiting for it to be built. The mania for new buildings is irrational.

@deanchur 3 күн бұрын

Tens of millions of foreigners in countries like Canada and Australia where house prices are utterly ridiculous could be interested in taking over the property...but that would mean living in China, and they're certainly not willing to do that now (maybe in the 90's and 2000's though it would have been different).

@RatTerminator 4 күн бұрын

Good😂 Plus the construction is All Tofu Dreg 😂

@steveeuphrates-river7342 4 күн бұрын

Chinese bank executives should read up on how US banks handled the real estate collapse in 2008 - 2010.

@maemorri Күн бұрын

The banks are not refusing to take back foreclosed homes. Rather banks are opting for negotiated settlements and debt writedowns in lieu of foreclosure. However it's not clear how much the writedowns amount to. The proposals mentioned were for the defaulter to pay something now and come to a negotiated settlement (theoretically) later. It sounds more like a scheme to try to get some income, and hope the market improves in the future (ie borrower's income improves, or market value of asset increases). Banks are not going to publicize that they will write off debt, because that creates an incentive for homeowners more broadly to refuse payment and demand relief. A better scheme would be for the country as a whole to devalue the currency, and inflate away large portions of the debt. However that has a lot of negative consequences as well.

@Kevin-qj7fp 4 күн бұрын

@RUHappyATM 4 күн бұрын

It's sad. Entice people to work hard. Entice them to invest in properties. Property prices fall. WTF is getting all these monies? Edit: I don't think 128sqm is big.

@suexec 3 күн бұрын

With a mortage, the initial payments is always mostly towards interest. Only a small portion is towards the principle. That's the case with mortgages anywhere in the world as far as I know.

@raymondcaylor6292 5 күн бұрын

American's in default on their mortgages is less than 3% but were over 9% at the height of 2007-2010 mortgage crisis. Today in America 11.5% of renters are more than 30 day's past due, the highest percentage in history. I'm not sure China numbers could even be trusted but surmise the mortgage default rate's are high even though it's socially more damaging in China. It's going to take Government intervention to get a handle on default rate's.

@billycarr7446 4 күн бұрын

They could impose the death penalty for not paying your mortgage.

@MrEvans1 4 күн бұрын

@@billycarr7446 no they cant😂 Who is gonna work and pay taxes? They already have a natality crysis

@Brazier-Sin 4 күн бұрын

“You jealous little fucks beg for my attention, but I’m done told you once, I’m not the kind of attention you want If I tell you twice, then I won’t be so nice If you keep coming back, that only means you know you lost the fight They wanna talk shit, let 'em talk shit, 'cause they talk shit Knowin' deep down, they really just wanna squash it 'Cause no one wants to walk around steppin' in dog shit And get doo-doo on the shoe again soon as they washed it But the pride won't let 'em, inside's like "Go get 'em" And im just like, why you’re tryin’ to fight momentum?” Go Men Going Their Own Way…. . …. .

@charleswomack2166 4 күн бұрын

Sean Lim, where are you??

@zukritzeln 4 күн бұрын

How can you pay two thirds in interest on a rate of 5.8%?

@solomongrundy9735 2 күн бұрын

If and when they can sell the house, they'll take it at that point.

@blabla22222 5 күн бұрын

My heart breaks for the citizens of China who are going through this. I hope things getter soon

@m.x. 4 күн бұрын

The majority support their leader, what are you talking about?

@2packrm781 5 күн бұрын

0:52 I'm sorry for her loss. It doesn't make any sense why there are no safety nets or other fair mean to get ppl out of debt. 4:48 what a huge loss & was it all over valued or was it to cheat the system🤔? 5:35 oh, man, that is bad for them, & she is right about saving some money leftover for rainy days☹ 7:46 that is horrible & cruel to leave the citizenry in a bind. 8:21 I could see him getting anxious over the bank politely looking for him😬 plus, I didn't know they were even polite to begin with😬 8:40 I'd say he's very fortunate to be getting a better offer with some room to breath, & I guess the banks are feeling guilty for withholding the stimulus funds that were suppose to reach the Chinese Ppl or to avoid the CCP's next line of sights, idk it's only my opinion after all🤔🥸🥸🥸🥸 8:50 what an insight to hear😯 & 9:29 it is interesting that the banks are changing their tunes & protocols to serve the public better, vut will they adapted this new form of helping going forward or will revert back to their policy? ⭐10:06 they've found another alternative/way to help? ⭐11:00 properties has lost their value 12:14 I'm guessing that's his mom crying☹

@billycarr7446 4 күн бұрын

The world is a tough place cupcake. You buy more house than you can afford and the economy turns South and someone is supposed to step in and save you? Who would that be, the banks, the govt, maybe your Mom n Dad? I bet next time the woman will consider her finances a lot more closely. Her best bet may be to insure her apartment to the max and start a fire in the empty apartment next door or below hers.

@albajgurd 4 күн бұрын

I remember some Chinese laughing at countries like Vietnam for being poor. Well, what goes around comes around

@Wizardess 4 күн бұрын

The CCP impresses me, now. They have even made banks into chives for harvesting. {O.O}

@fefefan17 4 күн бұрын

Why does this sound like Monopoly money 😂 “million”this and “million” that smh These people were just plain greedy and this is what happens smh

@ksoo8938 4 күн бұрын

how did they get thiers loan

@jhwheuer 4 күн бұрын

Mortgage at 5.8… facepalm

@iatethecrayons 4 күн бұрын

china be like "USA does 2008? China does it better"

@Keep_calm_and_slave_on 4 күн бұрын

I’m mad as hell!!!

@Tipsythomas 2 күн бұрын

This is how the west should have delt with the 2008 credit crunch. All the ccp needs to do now is scrap the 70 year property lease. You own your property forever. The lease system is a continuous anchor on the economy, how are your kids and theirs ment to have to keep buying the same property over & over again when prices would keep going up. Wages would have to go astronomical for all time which impossible.

@MasticinaAkicta 4 күн бұрын

This gives me 2008/2009 vibes. Ah, horrible time it was. This also means China will go through a few really bad years, housing wise. And wasn't housing 30% of its GDP. I am sure they will still hit 5%++ GDP growth though, every year... every time. And the banks, well, if the banks go bust or are close to their own bankruptcies... still GDP 5%+ every year.

@mattanderson6672 4 күн бұрын

Rise up People of China

@robertweigl7201 4 күн бұрын

weird in the example, yes it is a loss, they bought a home for 2.3m, played 1m, so 1.3m are left, then there is the renovation cost of 0.3m, adds up to 1.6m, the sold their home for 2.1m, which leaves them with 0.5m. what is missing here?

@RUHappyATM 4 күн бұрын

She lost 0.5m, plus the amount she has already paid to the bank. Remember, she borrowed the 1m from her parents.

@HerrSchaft007 4 күн бұрын

@@RUHappyATM well technically she lived rentfree during that time, which should be accounted for as well .

@RUHappyATM 4 күн бұрын

@@HerrSchaft007 Rent is sledom more than the mortgage payment.

@briandstephmoore4910 4 күн бұрын

We got jumpers

@chrisself8743 4 күн бұрын

Sad very sad

@stormspirit7989 4 күн бұрын

when the video says stuff like 2.8 million, is that in RMB or USD?

@timthetiny7538 2 күн бұрын

Rmb

@SaruyamaPL 4 күн бұрын

I feel bad for these people that just had their lifes ruined out of blue

@facsimile-io3dd 4 күн бұрын

To get rich is glorious!

@robertweigl7201 4 күн бұрын

am i the only one, who finds to financial way, the chinse operate on, weird? they buy a home for 1m yuan, then comes of down payment of 500.000 yuan and after some years, they owe the bank still more than 500.000 yuan. so either they all got screwed by the banks or the entire system is badly broken.

@franzehnert392 3 күн бұрын

❤❤❤. it's a common problem in the West as well ❤❤❤😊

@FraudGuruExpert. 4 күн бұрын

PoohnXi scheme bright like daylight.

@Jaysqualityparts 4 күн бұрын

They bought at the worst time most Americans would wait if they were buying for an investment unless they’re rich. Don’t forget to thank the CCP when you loose your job.

@andrewkelley9405 5 күн бұрын

This is what they get

@DOWNUNDER. 5 күн бұрын

But han chinese are the real master race.

@pv2639 4 күн бұрын

They are a mixer race. Pure han is weak sauce.

@billvandenbosch3017 5 күн бұрын

Oust the ccp

@robinjh982 4 күн бұрын

Y do all chinese buy home way expensive thn wt thy cn afford ?

@pimkielen9081 3 күн бұрын

Hate those computer voices…

@Kevin-qj7fp 4 күн бұрын

what china should do is live in a vehicle that can provide electricity(solar panals or wind fans) and then use the money for fuel/gas to cook and warm and then for bathroom use public places but not sure if how many do that

@YourHineyness 4 күн бұрын

The Van Life, China Edition.

@shundi4264 5 күн бұрын

S&P, Finch and Moody's rate China A+, a credit rating still very far from speculative grade of many other countries. Is it going to collapse? Not likely.

@YourHineyness 4 күн бұрын

It's collapsing now. When millions of people are losing generations of wealth that's kinda sorta collapsy, don't ya think?

@michaelturner4457 5 күн бұрын

Slow news day?

@colddogs 5 күн бұрын

slow, boring life?

@gazinger 4 күн бұрын

FYI, 2 million Chinese Yuan worth less than 300K USD. Don't be scared by the large number.

@rebeccaliew2247 4 күн бұрын

Had my exchange rate calculator on. RMB 2 million is about USD 275,186 today. That is more or less, an average C-Suite lower-rank Director's annual pay.

@VioletBurnt 4 күн бұрын

*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*

@Altin33964 4 күн бұрын

Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude to Andrew Stella 🙌

@kateAshley-ly6jh 4 күн бұрын

Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?

@vagitawaltz 4 күн бұрын

Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Andrew Louis Stella, has been an amazing experience.

@fulougeeMaxwell 4 күн бұрын

Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦‍♀️of myself because of low finance but I still believe in God

@WalsonKatherine 4 күн бұрын

I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Louis Stella 😊🎉

@questioneryusef8264 4 күн бұрын

I thought the chinese were good at math. Oh shit the foundation of math has gone crazy. We just have to rely on common sense.

@MyRuslan1982 2 күн бұрын

😂😂😂

@alexandersharp9057 4 күн бұрын

Wait for the karma in the west 😅

@TheGhettoTambay 4 күн бұрын

Go claim squatters rights. It does wonders in the west.

@lenzp4133 3 күн бұрын

the silver lining here is, that you cant "own" property in red china; u can rent it for lifetime, thats 99 years.. this "country" is totally ridiculous.