Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Rising High, Falling Hard: The End of China's Communist Real Estate Golden Age" video.

  1. 🏠 Chinese real estate market in crisis with major developers defaulting on debts and government launching affordable housing reforms. 00:00 China's largest real estate developers Grand group and Country Garden have defaulted on debts, leading to financial crises and investigations. The state Council of China passed a plan for affordable housing reforms to address the anxiety of middle income groups and promote real estate industry transformation. Shanghai housing prices plummeted by 51% in the Yu District, signaling a significant drop in the real estate market. 💰 Local governments in Japan have heavily relied on income from land sales, leading to a significant increase in fiscal revenue. 05:10 The average price of land auctions by local governments increased almost 20 fold from 2000 to 2022, reaching 9,119 Yen per square meter. The financial income from land auction transactions reached 70.8 trillion yen, most of which became the revenue of local governments. Local governments heavily rely on income from land sales, which has skyrocketed from 18% to 53% of total fiscal revenue from 2001 to 2019. 🏢 The video discusses the debt ratio of US Real Estate Investment Trust Equity Funds, the key real estate indices, and the impact of China's real estate industry on the economy. 08:49 Debt ratio of US Real Estate Investment Trust Equity Funds is 33.8%. The National Property index has a debt ratio of 44.9%. The rapid development of China's real estate industry led to a decline in real estate investment from 2014. 💰 Chinese families and real estate operators are burdened with massive debts due to the bursting of a speculative bubble in the real estate sector. 13:28 Chinese families are left with enormous debts, equivalent to a mortgage of a house, due to the plundering of the real estate sector. Real estate operators in China are also left with larger corporate debts after the bursting of the speculative bubble. The comprehensive tax burden of real estate companies is estimated to be 15% of sales, impacting their financial situation. 💰 The video discusses the optimistic financial assumptions and challenges faced by property developers in Japan. 17:58 Optimistic financial assumptions and using national average price of 4,000 Yen per square meter for construction costs. Estimating the value of completed projects based on the national real estate market's average price of 10,000 Yen per square meter. The total debt of property developers to date is 67.4 trillion Yen, posing challenges even under the most ideal conditions.
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