Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Rich and Foreigners Flee, Shanghai Real Estate Crash, No Longer Financial Hub" video.

  1. 💰 Shanghai's housing market has plummeted by 30%, causing financial distress and desperation among homeowners. 00:00 Shanghai's housing prices have dropped by 30%, causing financial distress for homeowners. Despite new real estate policies, the housing market in Shanghai continues to decline. Luxury housing market is particularly affected, with properties difficult to sell even at reduced prices. 🏠 The rental market in Shanghai is facing significant challenges, with a notable decrease in demand and an increase in vacant properties. 03:53 Rent prices have dropped, making it difficult for landlords to rent out their properties. There has been a clear divide in the rental market, with a decrease in high-end rentals and an increase in vacant properties. Long-term rental apartments are struggling, with companies seeking to terminate contracts with landlords due to the increase in vacant properties. 📉 Shanghai's rental market and financial sector are facing significant challenges, leading to a liquidity crunch. 06:54 Shanghai's rental market and real estate sector are experiencing difficulties due to tenants returning home for the Chinese New Year. The financial sector in Shanghai, including non-bank institutions, is facing a severe liquidity crunch, with minimal growth and cash reserves. Local debt restructuring projects are draining funds, contributing to the liquidity crisis in Shanghai's financial market. 📉 Shanghai's tax revenue and office building market are facing challenges, leading to economic decline. 10:22 Shanghai's tax revenue only increased by 2.8% in the first three quarters, significantly trailing the national growth rate of 11.9%. Shanghai's office building market shows a predicted annual vacancy rate of 21.6%, with over 20% of office buildings vacant. Several foreign financial institutions have closed their offices in Shanghai, leading to a high vacancy rate and economic challenges. 💼 The video discusses the high vacancy rates and challenges faced by a mall in a difficult economic environment. 14:01 High vacancy rates in various floors of the mall Challenges due to the pandemic, educational reforms, and global economic factors Prediction of prioritizing financial resources for sustaining local businesses
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