China : Anger mounts as property crisis leaves homes unfinished... - Printable Version
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China : Anger mounts as property crisis leaves homes unfinished... - sgbuffett - 18-09-2023
RE: Chuna : Anger mounts as property crisis leaves homes unfinished... - ArielCasper - 18-09-2023
The same can happen in sinkie land.. That's when you have sky high rocket price and ppl are sold the idea that your house is an investment.
RE: Chuna : Anger mounts as property crisis leaves homes unfinished... - sgbuffett - 18-09-2023
(18-09-2023, 11:40 PM)ArielCasper Wrote: The same can happen in sinkie land.. That's when you have sky high rocket price and ppl are sold the idea that your house is an investment.
This issue is not about high prices falling down. But people who paid for their apartments but it is not completed...
Yes, it is possible to overpay then see price falling later ....but at least you get your apartment to live in.
RE: Chuna : Anger mounts as property crisis leaves homes unfinished... - ArielCasper - 21-09-2023
(18-09-2023, 11:58 PM)sgbuffett Wrote: This issue is not about high prices falling down. But people who paid for their apartments but it is not completed...
Yes, it is possible to overpay then see price falling later ....but at least you get your apartment to live in.
Of coz it is related. Higher prices mean higher profit mean more risk for property companies to get greedy and over leveraged and end up bankrupt.
RE: Chuna : Anger mounts as property crisis leaves homes unfinished... - Purikura - 27-09-2023
China really is a shithole country. CCP cultists stole all the money and end up all the ah tiongs have no money and have to live in unfinished apartments.
Third world china living standard is moving further backwards LOL!
Jobless and homeless ah tiongs are at all times high.
RE: Chuna : Anger mounts as property crisis leaves homes unfinished... - mikotan - 27-09-2023
Don't blame CCP, it's greed! I know of friends who bought 3 years ago regardless of price thinking properties will appreciate indefinitedly.