Another domino.
Tldw another large Chinese property developer has missed bond payments.
Tldw another large Chinese property developer has missed bond payments.
Last edited by a moderator:
Contagion is Real
- Thread starter UW_Doog_Bot
- Start date
greenblood
New Fish
That's what happens when a country builds ghost cities just to keep people employed.
Steve Bannon says they are actually dozens of Chinese property developers in deep trouble
He's right. This is how bubbles pop. Leverage on top of leverage only works in an upward trajectory market. Once deleveraging begins it's basically impossible to isolate because of that.
Edit: Got a sauce so I can listen?
Last edited:
There is a lot of Chinese money parked in US real estate. Every so often the Chinese government makes it hard to get money out which effects the market here
A China real estate collapse wouldn't help things here at all
A China real estate collapse wouldn't help things here at all
Well, it ain't just CCP money. The US is the new Switzerland using real estate. Essentially during covid Chinese real estate money in the US dried up. Prices still skyrocketed.
I think there will be a dip but I think the US will be the significantly less effected than a lot of the rest of the world because the % investment is still small compared to the size of the market. Canada, Australia, NZ, and the like could all see massive price declines.