Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "4 Million Foreclosed Homes Yearly, Countless Owners Homeless, China’s Real Estate Bubble Bursts!" video.

  1. China's Real Estate Bubble Bursts: 4 Million Foreclosed Homes Annually, Leaving Countless Owners Homeless and Causing Economic Crisis 🏠 Rising mortgage defaults and property auctions leave owners homeless in China's real estate crisis. 00:31 Sky-high housing prices burden young people with decades of debt 00:31 Online discussions intensify as more people share experiences of losing their homes 01:04 Unemployment and mounting debts lead to the fear of homelessness 01:38 Individuals share personal financial struggles and losses due to property auctions 01:55 High interest rates and unmanageable monthly payments contribute to financial distress 02:12 Bank freezes accounts and auction prices threaten to exacerbate financial losses 02:46 Impulsive loans and unaffordable interest rates lead to inability to sustain mortgage payments 03:10 💥 Rapid increase in foreclosed properties in China causing housing market crisis. 03:33 Number of foreclosed properties in China has escalated significantly, reaching 4 million yearly. 03:33 Foreclosed properties impact housing market causing decline in prices and transaction volume. 04:13 Alibaba's platform is a major player in the online judicial auctions of foreclosed properties. 05:03 Reasons for surge in foreclosed properties include financial inability, economic downturns, and bankruptcy. 06:19 Auctioning of houses burdens lower and middle-income individuals, leading to mental health issues. 07:04 Termination of pre-sale contracts leaves individuals without legal recourse, pushing them into despair. 07:17 Foreclosed properties causing homelessness and mental health issues among individuals in China. 07:32 💥 China's real estate market faces crisis due to unsold foreclosed properties and over-supply. 07:39 Unsold foreclosed properties lead to significant price drop in China's real estate market. 07:39 Foreclosed properties are becoming more frequent, reflecting the sluggish state of China's economy. 07:53 China's Ministry of Housing and Urban Rural Development proposes to relax real estate market controls. 08:37 Guangzhou releases policies to lift purchase restrictions, allowing wealthy individuals to freely buy properties. 09:00 Renowned Financial commentator remains skeptical about the impact of lifting restrictions on stimulating a rebound in the property market. 09:52 Real estate crisis in China is unlikely to be resolved due to over-supply and decline in investment. 10:56 High rate of home ownership and multiple property ownership contribute to the real estate crisis in China. 11:17 💥 China's real estate sector faces a major crisis, impacting the economy and leading to bankruptcies and declining sales. 11:25 Real estate sector accounts for 25% of China's GDP 11:25 Rapid development of real estate has driven up asset prices and borrowing 11:54 China Evergrande group defaulted on its massive debt, leading to bankruptcy fears 12:10 Over 1200 real estate companies went bankrupt between 2020 and 2023 13:48 Sales volumes of new homes by China's top 100 real estate companies fell by 34.6% year on-year 14:03 China's economic growth expected to slow in 2024 due to the worsening real estate crisis 14:21 Unfinished construction projects could take four to six years to fully resolve 14:35 💥 Real estate market collapse in China leads to economic crisis and debt issues. 15:30 Real estate market collapsed 3 years ago with supply exceeding demand. 15:30 Significant decrease in purchasing power and waiting for market recovery. 15:45 Severe price reductions in real estate causing financial risks. 15:50 Overdevelopment, over construction, and overinvestment in Chinese real estate. 16:44 Excessive borrowing leading to inability to repay loans and reduced consumption. 16:59 Government promoting real estate bubble to mask inadequate consumer spending. 17:20 Chinese government's delayed action worsened the real estate bubble situation. 17:48
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