SG Talk

xjp knows how to stop the spread

(25-07-2022, 05:57 AM)kokee Wrote: [ -> ]game over for china property.
no more trust & confidence, price keep plunging, the more it plunges, the more no one will buy.
those already bought, cut lost & price steep to run road or let it rotten!
over supply & population down, job lost, no money & cant afford anymore!




中國樓市徹底崩盤！停貸潮持續發酵，老百姓已失去信心買房，7月銷量數據大幅下滑






北京炒房客跳樓自殺，房價崩盤，房地產泡沫破滅，炒房客血本無歸，不堪重負，房子賣不出去，資金鏈斷裂，全被套牢，悲慘至極

100 million china people has $66.8 trillion of property debt, behind this debt, there is another 300-500% of developer, construction company & material suppliers debt, so $300 trillion of debt.
watch above posts to find out how gigantic is china debt today, all the ponzi & bubble bursting now!!




三年疫情摧毀中產家庭，一輩子為了買上一套房而奮鬥！中國人房貸壓力有多大？1億家庭背負66.8萬億，利息超過4成，一半工資給了房貸！

Shameless bankrupt loser kokee and stooge’s howling jealous



Who let the slave kokee and stooge’s out woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof

https://media.tenor.com/images/7685d39e2...2FuZHJvaWQ

Shameless Ugliest kokee and stooge’s howling

Common prosperity- No.
Common Poverty - Yes.

The same fallacy in socialism again and again in socialism.

Nothing to read here. Xi has already been upgraded to b a legendary God, placed next to many other Chinese Gods by his people.  He will save China lah.

China Covid....ownself own damage..

(26-07-2022, 11:10 AM)maikyah Wrote: [ -> ]https://www.channelnewsasia.com/asia/chi...ns-2835411

The Chinese government has rested on its laurels for too long and allowed the problem to fester, I guess it's better late than never in this case.

The article has unintentionally alluded to the heart of the problem - The clearest sign of trouble is when nearly everyone thinks that investing in XXX is a "surefire way" to make money, this implicitly means that nobody cares about whether the economics work for the asset in question and are only interested in finding a greater fool to take over at a higher price.

At the end of the day, a brick and mortar property is just like any ordinary asset, there is no reason why it should be a "surefire way" to make money compared to running a bubble tea stall. The challenge now is try and reduce the ramifications from pricking the bubble which has been made harder than it needs to be due to official inaction. If they can do this transition successfully, huge amounts of capital that is otherwise locked in the unproductive property bubble can be unleashed for much more higher actual value creation.

The real challenge is whether external global events and time permits for this transition. Bubbles have formed everywhere in the world due to loose global monetary policies from traditional assets like real estate, stocks and bonds to alternative ones like crypto, IPs and collectibles.

When they eventually blow up, a deep recession could be unavoidable making any of such property deleveraging extremely damaging. Dicey times ahead for China, I would imagine its doubly worse for the developed countries and triply worse for other third world countries.