World News@lemmy.worldEnglish · 5 days ago

China's Housing Crash Just Wiped Out 20 Years of Price Growth

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China's Housing Crash Just Wiped Out 20 Years of Price Growth

thedeepdive.ca

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World News@lemmy.worldEnglish · 5 days ago

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China's Housing Crash Just Wiped Out 20 Years of Price Growth | the deep dive

thedeepdive.ca

Inflation-adjusted home prices in China have fallen below where they started two decades ago, and the fiscal fallout is hitting local governments even harder than developers.

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SaveTheTuaHawk@lemmy.ca
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These are Mom and pop speculators. There are entire cities in China with empty housing bought on speculation. The appeal of free money was too great.

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