Why China's Crazy Housing Bubble Refuses To Burst

[IroNat]

https://odysee.com/@serpentza:5/why-china's-crazy-housing-bubble-refuses:f

"Housing prices in China have now got to the insane price that an entire year's salary can only buy you 10 square feet, so on average it takes 900 years of salary to pay for a small 2 bedroom apartment in the big cities... Why? What's going on? How is it that this market hasn't exploded yet?"

[Thin Lizzy]

So if no one can afford to buy these apartments at current rates but prices still won’t come down the only logical explanation is the state is keeping this market propped up.

[IroNat]

So if no one can afford to buy these apartments at current rates but prices still won’t come down the only logical explanation is the state is keeping this market propped up.

He alludes to that.  Doesn't seem like such insanity can go on forever.

What a house of cards.

[SOMEPARTS]

It's what happens when the lies are 10 levels deep and everything is fake. Even the govt can't fix 10 people thinking they own the same unit.

When things go awry is when they will go to war, IMO.

[IroNat]

The government owns the land, leases it, builders put crap buildings on it, Chinee citizens buy them and play hot potato, and the buildings fall down.

What could go wrong?

[Thin Lizzy]

The idea that China is going to become the next super powers is bullshit peddled by the military establishment. Both the United States and China are in decline.

[Irongrip400]

It's what happens when the lies are 10 levels deep and everything is fake. Even the govt can't fix 10 people thinking they own the same unit.

When things go awry is when they will go to war, IMO.

They’ll have to go to war eventually. Their political system is more like Nazi Germany, and they had to go to war to keep their economy going.

[Humble Narcissist]

He alludes to that.  Doesn't seem like such insanity can go on forever.

What a house of cards.

All of China is a house of cards just like the Soviet Union was.