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nah, Chinese real estate bubble bursted, because demand collapsed (despite the prices kept low due to municipalities financing a large part of their budget thro
by pas 3y ago
nah, Chinese real estate bubble bursted, because demand collapsed (despite the prices kept low due to municipalities financing a large part of their budget through land sales, and banks were incentivized to issue a lot of mortgages, and that's how Credit Suisse run into a wall)
- scotty79 3y agoI'm not sure how the latest data looks but crash is a strong word. https://www.business2community.com/wp-content/uploads/2023/11/chinas-property-market-collapses.jpeg.webp https://www.business2community.com/wp-content/uploads/2023/1... It seem like it barely stopped (paused?) growing. Which is reasonable given more widespread awareness that what's being built is of lower and lower quality. Which is also natural given that supply is provided to satisfy investors not honest residential demand.