Comments by "HKim0072" (@HKim0072) on "China’s Top Cities’ Real Estate Crashes; Millions of Homeowners Go into Debt, Public Stops Buying!" video.

  1. They have to cover up the bad loans / assets. It's very dangerous because assets are overvalued and loans have been secured with those assets. Have no idea how much leverage is in the system, but this is exactly what happened in Japan. They can't write down the RE assets on the books or it creates an accounting nightmare.
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  2. They should have elected me as President instead of Xi. My lowly BA in Finance would have saved the Chinese economy for the long term. (But, I would have privatized the heck out of everything, lol.)
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  3. Was always lazy and didn't look at the housing starts. Just knew new home sales were down big for 2 years running. The housing starts mirrors economic activity in the market. Basically, 25% of the economy is down -50% in a period of 2 years. That's catastrophic.
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  4. There were signs, but the greedy Chinese ignored it. The smart money got out early. 2013: Li Ka-shing’s Cheung Kong Holdings began slowly restructuring its holdings in the Mainland. It sold off real estate, retail chains, and other assets, shifting its investments to Europe. 2015: Li Ka-shing's Cheung Kong to sell Shanghai project 2015: Hong Kong Tycoon Li Ka-shing's China Withdrawal Highlights Broader Problems: Analysts A Sept. 13 editorial by Liaowang Institute, which is linked to the official news agency Xinhua, attacked Li after his plans were revealed. "At this sensitive time, when China’s economy is in crisis, he continues to sell off his assets and to spread pessimistic sentiment," the article said. 2017: Li Ka-Shing sells Hong Kong tower, The Center, for record S$7b
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