Contagion is Real

UW_Doog_Bot

Another domino.

https://youtu.be/-u371ZBA8NE

Tldw another large Chinese property developer has missed bond payments.

greenblood

That's what happens when a country builds ghost cities just to keep people employed.

AtomicPiss

UW_Doog_Bot said:

Another domino.

https://youtu.be/-u371ZBA8NE

Tldw another large Chinese property developer has missed bond payments.

Steve Bannon says they are actually dozens of Chinese property developers in deep trouble

UW_Doog_Bot

DerekJohnson said:

UW_Doog_Bot said:

Another domino.

https://youtu.be/-u371ZBA8NE

Tldw another large Chinese property developer has missed bond payments.

Steve Bannon says they are actually dozens of Chinese property developers in deep trouble

He's right. This is how bubbles pop. Leverage on top of leverage only works in an upward trajectory market. Once deleveraging begins it's basically impossible to isolate because of that.

Edit: Got a sauce so I can listen?

RaceBannon

There is a lot of Chinese money parked in US real estate. Every so often the Chinese government makes it hard to get money out which effects the market here

A China real estate collapse wouldn't help things here at all

UW_Doog_Bot

RaceBannon said:

There is a lot of Chinese money parked in US real estate. Every so often the Chinese government makes it hard to get money out which effects the market here

A China real estate collapse wouldn't help things here at all

Well, it ain't just CCP money. The US is the new Switzerland using real estate. Essentially during covid Chinese real estate money in the US dried up. Prices still skyrocketed.

I think there will be a dip but I think the US will be the significantly less effected than a lot of the rest of the world because the % investment is still small compared to the size of the market. Canada, Australia, NZ, and the like could all see massive price declines.