Looks like #china 's #ccp are really in trouble now: https://www.zerohedge.com/geopolitical/b.. The value of their #currency is dropping rapidly, and they have few options available. Let alone their #property #market and #mortgages under massive pressure. An #recession will almost definitely follow now.
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.
A #french scheme has come back where people buy a property upfront that still has an old person living in it. The idea is that you are betting you get the home soon and the old person enjoys a nice cash payout whilst they are able to use it. This is essentially what #banks are doing with #mortgages https://www.economist.com/finance-and-ec.. I think it's fine as long as it's well regulated.