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FEATURE-In China's debt-laden Xiamen, real estate boom chokes consumption
http://news.trust.org/item/20180725071553-79kt4/

(09-08-2018, 06:46 PM)Behappyalways Wrote: [ -> ]FEATURE-In China's debt-laden Xiamen, real estate boom chokes consumption
http://news.trust.org/item/20180725071553-79kt4/

If their property prices up 50% from their purchase price, I want to see if they still complain...

another point to note: 50% downpayment means the borrowers and banks can weather downturn in property market,

(10-08-2018, 01:38 AM)opmi Wrote: [ -> ]

(09-08-2018, 06:46 PM)Behappyalways Wrote: [ -> ]FEATURE-In China's debt-laden Xiamen, real estate boom chokes consumption
http://news.trust.org/item/20180725071553-79kt4/

If their property prices up 50% from their purchase price, I want to see if they still complain...

another point to note: 50% downpayment means the borrowers and banks can weather downturn in property market,

The problem is where do they get the 50% downpayment? It seems most of that downpayment is financed not from savings but from other types of loans and from other lenders other than banks. 

China tightens controls on down payment financing for home buyers: Xinhua
https://www.reuters.com/article/us-china...SKBN1D30LO


Also plenty of mortgage fraud onoing...
Hidden peril awaits China's banks as property binge fuels mortgage fraud frenzy
https://www.reuters.com/investigates/spe...mortgages/

I wouldn't be surprised when the bubble burst that China's banking sector and economy will have a crisis worse than the GFC....

blue, possible. as long as prices keep going up, dont know who is swimming naked.

One thing about PRC banking system is the CCP govt and take out the bad debts and print money to recap.
Can be done fast without major systemic shock festering and festering.

Well there is a hope. as long as the homeowners are diligently paying the home debt it won't cause a bubble and it appears they are doing so. Unlike the states where they already have problem with mortgage repayment but still spend on other consumables like no tomorrow. There is still a difference in money concept between East and West.

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Beijing has built thousands of cheap apartments no one wants
https://www.businesstimes.com.sg/real-es...-one-wants

'23.08.15【豐富│東南西北龍鳳配】Pt.1 中國版雷曼來了？哈哈，別鬧了！
https://m.youtube.com/watch?v=Z9yXPeoGQKY

Property shakeout Beijing’s tool to fight fiefdoms
There’s no financial crisis in China, just a political standoff over local government finances
https://asiatimes.com/2023/08/property-s...-fiefdoms/