The Beijing & Shenzhen housing market is crashing despite rescue efforts from the government.

Рет қаралды 21,991

11 күн бұрын

#chinainsights
This neighborhood behind me was built in 2017. I spent $230,000 for a unit but can't sell it for $80,000. It's located next to the five-ring road with convenient transportation. That was the main reason I bought it. But now, it can't be sold despite the reduced price...
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Пікірлер: 110

@afvet5075 21 сағат бұрын

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

@chinesesparrows 21 сағат бұрын

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

@Mexican00b 21 сағат бұрын

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

@hanknyc 21 сағат бұрын

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

@hungo7720 21 сағат бұрын

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.

@zihanchia5241 21 сағат бұрын

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

@pmshah1946 21 сағат бұрын

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.

@kateryan9988 21 сағат бұрын

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

@RatTerminator 21 сағат бұрын

Sluggish

@tontj 19 сағат бұрын

House is something to live in. NOT an investment.

@midimusicforever 19 сағат бұрын

OOFconoomy keeps OOFing in China!

@Anonymous-ms8uw 21 сағат бұрын

chinese housing market crashes faster than chinese tofu rockets

@peterxyz3541 19 сағат бұрын

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

@runltdan 21 сағат бұрын

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

@user-ur8pi9ob5b 21 сағат бұрын

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

@racheljustrachel2732 21 сағат бұрын

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

@margauxlaurenpelijates9473 12 сағат бұрын

NEGATIVE effect... China's bullying hegemonic attitude towards ur neighboring countries...

@emilianogabriel9613 21 сағат бұрын

What your leader doing just bullying your neighbors

@-ssch 16 сағат бұрын

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

@ianfarquharson3772 19 сағат бұрын

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.