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A Medium post isn't a source. Your fortune article says PRICES are only down 2.4% (roughly the "official" stats). Your other article is about T3 cities.
by onlyrealcuzzo 3y ago
A Medium post isn't a source.
Your fortune article says PRICES are only down 2.4% (roughly the "official" stats).
Your other article is about T3 cities.
- berserk1010 3y agoIt's all in the articles "Existing homes near Alibaba Group Holding Ltd.’s headquarters in Hangzhou have dropped about 25% from late 2021 highs, according to local agents." "Even as of March, before a fresh slowdown, more than half of tier-2 and tier-3 cities saw existing-home prices fall more than 15% from peaks," "residential housing prices in tier 3 cities dropped by nearly 20%." EDIT: Again, to get the real numbers, you need to have access to Chinese real estate agents. And these folks aren't going to be posting articles for everyone to read. Or if they post a video in anger, it will get taken down.
- onlyrealcuzzo 3y agoA small section of a New Tier 1 city is not indicative of an entire T1 city.
- seanmcdirmid 3y agoIs HZ really considered a T1 city now? It is more like a rich T2 city.
- onlyrealcuzzo 3y agoAccording to Wikipedia it is a "New Tier 1" city. T1 is still just Shanghai, Beijing and Shenzhen/Guangzhou.
- seanmcdirmid 3y agoI guess by money it could be, so could other cities in jiangsu and zhejiang that are China’s richest provinces.
- pphysch 3y ago[flagged]
- berserk1010 3y agoWhat can I say, all I know about/care about is Chinese economy. I do provide a lot of valuable facts/links to the site
- lucubratory 3y agoYou provided a link to a Medium post.
- berserk1010 3y agoAuthor is a data scientist pretty fluent in Chinese matters. You take what you can get out of censored dictatorship like China.