He is 100% correct. Property prices need to come down at least 30% from now. Delivery of off plan properties must be done on time. Otherwise confidence will never return to the mkt. Developers will take a big hit. The next few years will be a lot of pain.
This a great video, I learn alot watching your videos and it has been helpful to me. building a steady income is quite difficult for newbies. Thanks to Mrs Leerah Hughs for improving my portfolio, keep up with good videos🌎
For those who have no idea of China, the housing price correction is really there to help the working class people get on board the home ownership. All prices in China will try to align and be made affordable to the masses. I am in favour of this actually. The US should also focus on sorting out it's own housing collapse which is happening right now. There are more foreclosures in the US because of the 5 times interest rate hike. The worst is yet to come for the US house but I see this as a good sign that homes will be more affordable to the masses. Weeding out the speculators who are using high leverage to own 20+ homes.
I have been hearing the talking heads saying this stuff for 20 years. It never seems that they are correct about the demise of China. Always the same rubbish about how bad China is but every year China gets stronger and stronger.
Western media is concerned about China's property market but is not concerned about the energy crisis in the EU, the bond crisis of the UK, inflation and fed interest rate hikes in the US. China's inflation is still below 2.5%
Too obvious isn't it? And Blinken still pumped up recent war rhetoric on Taiwan. Lol Xi had shielded w his armor since Pelosi blunder. Should have wondered why the PLA let her military jet in and out of Taiwan smoothly.
US rather will not suffer housing like 2009, only pockets where Covid bubbles boiled: Austin, Nashville, Boise, Tampa etc. not so much other places (incl. LA, Seattle, NY) Moody's & BofA have good data on this. It is thanks to loan requirements mandated post-2008, which UK, CAN, AUS, China do not have
Ans. Some have been allowed to move in in almost finished apartments. The down payment were locked in by the States. Win win. This setup will never happen under US law and order.
@@stevenmatosu9321 not starting yet. When firm quarter reports get worse and the unemployment rate climbs, the huge pain will appear. The effects normally delay at least 6-8 months. In 2008 case, the market reached bottom near 2012, almost 4 years after the crisis. the situation may not be so serious this time in real easte but will still be impactful when combining with other areas (particularly interests and qt).
@@anti-bullingjames Well, I was and always have been referring exclusively to family homes/mortgages (residential) -where the cascading risk originated in the last property crisis. Indeed the commercial side is screwed it seems, I don't claim to know. Malls, strip malls and storefronts look like they are on a road to being reduced to land value as they lose a large bit of their value proposition. Aside from all of them becoming ghost-kitchens, parking lots or charging stations... I don't know what one would do with a derelict mall; Senior Living/Medical something? But that will only put more pressure on the White House/Fed to ease, well before households default on the mortgages (assuming fixed rate). If there was some State/Gov program that could zone and construct affordable housing for the persistent homelessness and lack of starter homes, instead of BlackStone minting over single families. But whatever we have, seems they have both.
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He is 100% correct. Property prices need to come down at least 30% from now. Delivery of off plan properties must be done on time. Otherwise confidence will never return to the mkt. Developers will take a big hit. The next few years will be a lot of pain.
Japan 1991
The answer is no. China simply doesn’t have the population moving forward to justify endless building of high rise apartments.
Answer: No!
This a great video, I learn alot watching your videos and it has been helpful to me. building a steady income is quite difficult for newbies. Thanks to Mrs Leerah Hughs for improving my portfolio,
keep up with good videos🌎
I’m surprised you know her too. I’ve been making alot of profits investing with her for a few months now.
Mrs Leerah Hughs changed my life because of the huge profits I got from investing with her.
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you can communicate with her on TELEGRAM with the username below.
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For those who have no idea of China, the housing price correction is really there to help the working class people get on board the home ownership. All prices in China will try to align and be made affordable to the masses. I am in favour of this actually. The US should also focus on sorting out it's own housing collapse which is happening right now. There are more foreclosures in the US because of the 5 times interest rate hike. The worst is yet to come for the US house but I see this as a good sign that homes will be more affordable to the masses. Weeding out the speculators who are using high leverage to own 20+ homes.
The housing market has never been an investment for people it's always been an investment for banks.
Untill now 😊
housing should be purchased for living, not investment
investing in real estate is almost the first suggestion from fiduciary advisors in the states
Chinese households do not have much choice
Short Answer: NO .
Hk is expected to have a drop of 30% in their housing. That’s a lot for being one of the hottest property market in the world
It can be fixed only if they start delivering properties
No
III’s you can
It not sustainable 😂😂
I have been hearing the talking heads saying this stuff for 20 years. It never seems that they are correct about the demise of China. Always the same rubbish about how bad China is but every year China gets stronger and stronger.
it is a shiny, rotten apple. The growth is bad propaganda.
At this point I’d buy property in China. Not like I’ll get anything in the States 😢.
Also their demographics are terrible and drop by the millions in just a decade
Western media is concerned about China's property market but is not concerned about the energy crisis in the EU, the bond crisis of the UK, inflation and fed interest rate hikes in the US. China's inflation is still below 2.5%
they are not really concerned. They just wanna paint a doom and gloom picture to make things worse for China
Yes the irony, china will come out of this crises with less wounds compared to the west
Too obvious isn't it? And Blinken still pumped up recent war rhetoric on Taiwan. Lol Xi had shielded w his armor since Pelosi blunder. Should have wondered why the PLA let her military jet in and out of Taiwan smoothly.
More lockdown, less income, less consumption.
No demand =no inflation
@@thejeffinvade but more lives are saved. Isn't that most important?
Answer is NO just like the US is about to experience.
US rather will not suffer housing like 2009, only pockets where Covid bubbles boiled: Austin, Nashville, Boise, Tampa etc. not so much other places (incl. LA, Seattle, NY) Moody's & BofA have good data on this. It is thanks to loan requirements mandated post-2008, which UK, CAN, AUS, China do not have
Ans. Some have been allowed to move in in almost finished apartments. The down payment were locked in by the States. Win win. This setup will never happen under US law and order.
@@stevenmatosu9321 not starting yet. When firm quarter reports get worse and the unemployment rate climbs, the huge pain will appear. The effects normally delay at least 6-8 months. In 2008 case, the market reached bottom near 2012, almost 4 years after the crisis. the situation may not be so serious this time in real easte but will still be impactful when combining with other areas (particularly interests and qt).
@@anti-bullingjames Well, I was and always have been referring exclusively to family homes/mortgages (residential) -where the cascading risk originated in the last property crisis. Indeed the commercial side is screwed it seems, I don't claim to know. Malls, strip malls and storefronts look like they are on a road to being reduced to land value as they lose a large bit of their value proposition. Aside from all of them becoming ghost-kitchens, parking lots or charging stations... I don't know what one would do with a derelict mall; Senior Living/Medical something? But that will only put more pressure on the White House/Fed to ease, well before households default on the mortgages (assuming fixed rate). If there was some State/Gov program that could zone and construct affordable housing for the persistent homelessness and lack of starter homes, instead of BlackStone minting over single families.
But whatever we have, seems they have both.
Why worry unnecessarily and stay stuck in your own rhetorics. China's property market will be managed and is not going to crash.
If it doesn’t crash, the problem is bigger.
It doesn't crash much, but it will be a loss business.
Gain 34 % Tues. * GEGR.. Gaensel Energy Group. 2 New Construction Acquisitions Announced. 5 Divisions. Now 17 Co's in 1 Profitable Holding co. Virtual Reality/ AR / IA, Cosmetics, Coffee, Green Energy, Biotech, Healthcare, Commodities, more.