China's Housing Bubble
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9:55
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also, i wish you and many others would refer to them as the communists, not the chinese. because its the communists that run china. dont forget that. the ccp wants everyone to refer to china as china to forget that its actually communist china. the ccp hides behind the name china hoping pewople will simply forget they are the communist party that are in charge oif it all. they are inchagre of it for there benefit not the people. this is a current attempt to hold onto power. dont be so naive.
bigblondman1 1 month ago
i dont agree. the reason so many people bought was because the lenders were willing to finance the down payment as well as the mortgage. china isnt doing that, yes, thats true. but i dont believe there are many in china that can afford a 40% down payment anyway. so that still leaves much real estate vacant in china. if we did the same thing the results may not have been as disasterous, they also wouldnt be very profitable either. the ccp is doing it this way to protect there devalued currency.
bigblondman1 1 month ago