Looks like #mortgages are at massive #risk in the #uk of either having insane levels of #interest or not being #issued at all: https://www.zerohedge.com/markets/uk-mor.. What this means is a massive #housing #property #market #crash as people cannot #purchase them outright.
Another problem for #china 's #housing #property #market is the #shrinking #population https://www.zerohedge.com/economics/shri.. Less people means less #demand ...
Great #youtube #video by #advchina on the #evergrande situation and the crappy #chinese #housing #market https://www.youtube.com/watch?v=lKbLB_T-.. The #ccp will collapse at some point, this is simply #unsustainable !