Have strong opinions, but welcome all civil discussions.

Mastodon: @BrikoX@freeradical.zone

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Cake day: July 9th, 2023

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  • Real estate is not seen as an investment in China like it is in the west.

    That is not really the case. China used the real estate market to boost GDP grow on paper (it did have real grow it was just highly inflated) by forcing local governments to borrow unrealistic amounts of money via special bonds and now the whole market is stagnant as they can no longer keep up with that debt.

    And Chinease citizens did see it as worthy investment, but after the crash they got burned and now are not investing at all which just deepens the issue.