Interesting, we are starting to see the #us #property #market #collapse , but in really slow motion: https://www.zerohedge.com/markets/blacks.. #blackstone , the *largest* #commercial #propert #landlord in the #us has #defaulted on half a #billion #dollars . They are also now #blocking #withdrawals on $71 #billion #dollars ... This is going to get interesting.
This is a *massive* #mistake , #hedgefunds have increased their #chinese #holdings to near #record levels: https://www.zerohedge.com/markets/hedge-.. The #chinese #economy is built upon empty promises, their #property #market is set to almost entirely #crash #drastically , dragging everything else with it. *Major mistake.*
Looks like #china 's #ccp are now #relaxing their #zero #covid #policy and attempting to #rescue their #property #market https://www.zerohedge.com/markets/beijin.. I'm not sure how much they plan to throw at the #property #market , but it surely can't be enough. We see how they will #fund it though, after announcing #covid #relaxation , #foreign #investors swooped in to hand them #money . #idiots .
Looks like #china 's #ccp have a half #trillion #dollar #property #market hole to fill: https://www.zerohedge.com/markets/new-ch.. This is most definitely much more than any #budget their #government has. What they will try to do is #trcik #foreign #investors to #buying up their #debt , and they'll likely take it, because the #west 's #finances are run by #morons .
I believe the #imf 's #nightmare #prediction of the #chinese #property #market and #economy may just be the beginning: https://www.zerohedge.com/markets/imf-dr.. #china 's #ccp swapped #stability for fast #growth , and this is coming undone.
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.
Huh, it turns out that #china 's #property #market might not #recover because of the #reclined #marriages https://www.zerohedge.com/markets/chinas.. Apparently they are just too #expensive and #chinese people are now #questioning costly #traditions like this.
As #laowhy mentions in this #youtube #video , #china is really going to shit: https://youtube.com/watch?v=0HL59UCepI4 Their #economy is #failing , after 30+% is based on #property , and the #property #markets is collapsing. #unemployment is now increasing at insane rates too. #qualityoflife is massively decreasing too. Where do they think this ends?
Looks like #china 's #property giant #evergrande has had their #hongkong #hq #seized https://www.zerohedge.com/economics/lend.. This does not bode well for #chinese #property when titans like this are falling. The #ccp has their work cut out for them.
Seems like #china may have a #contagion in their #property #market as they #report lower #profits as more #money goes back into #failed #investments and the #chinese #people become #wary https://www.zerohedge.com/markets/chinas.. Imagine paying a #loan for a #property that hasn't been built yet, whilst the #developer #builds new #properties and not yours!
#china 's #ccp are desperately trying to get #stalled #property #market #projects going again to prevent a complete #economic #collapse , but it appears to not nearly be enough: https://www.zerohedge.com/markets/chinas.. In all honesty this is just throwing good money after bad. If they do nothing, people stop paying their #mortgages for #properties not even started and the entire #economy #collapses .
@barray on Wed Aug 24 01:18:11 UTC 2022 said: &eMore #stimulus #packages out of #china 's #ccp , this time for 1 #trillion #yuan https://www.zerohedge.com/markets/its-no.. People are saying that *even this* is not enough. They simply have too much riding on their #collapsing #property #market , all of their #eggs are in one basket.#china 's #ccp are trying to use 200 #billion #yuan to #bailout their #property #market and try to get people paying their #mortgage again: https://www.zerohedge.com/markets/china-.. The irony here is that it's not nearly enough, things are far too gone. They don't seem to be even beginning to grasp the true scale of the almighty mess they are currently in.
#china 's #ccp are trying to use 200 #billion #yuan to #bailout their #property #market and try to get people paying their #mortgage again: https://www.zerohedge.com/markets/china-.. The irony here is that it's not nearly enough, things are far too gone. They don't seem to be even beginning to grasp the true scale of the almighty mess they are currently in.
Looks like #china 's #ccp is not out of the woods yet, with #property #owners simply #refusing to pay their #mortgage in #protest https://www.zerohedge.com/markets/we-dec.. A #chinese #economic #crash is guaranteed without some massive unseen changes.
Another problem for #china 's #housing #property #market is the #shrinking #population https://www.zerohedge.com/economics/shri.. Less people means less #demand ...