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(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,
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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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.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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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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