Comments by "Thomas Ridley" (@thomasridley8675) on "How CHINA hopes to avoid a SUBPRIME CRISIS - VisualPolitik EN" video.

China is learning that capitalism needs a heavy hand too keep it from going out of control. Something the u.s. could take a lesson from.
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Credit is great when things are going well. But, a chain dragging you down when things go tits up. I avoid debt at all costs. I hear that China has a 90% rate of home ownership. With a 50% occupancy rate. It seems that there is a whole lot of speculative buying going on. This reduces the availability of homes and jacks up prices to impossible levels. My area is experiencing something I have never seen. The mass exodus from the large cities to small communities that already had a shortage of housing. Where the locals are getting out bid by a wide margin. By the people who got to sell their homes at big city prices. A new form of gentrification. That will have serious repercussions in the near future. Especially, when these virus related protections are gone.
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@Mohdis123 They have an 80% rate of purchase in buildings that are not even built yet. That's an over heated market. Only held up by the state How long that can go on is anyone's guess. Because, I am sure that incomes are not rising that fast.
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@Eric Khai Ah, can you expand on that ?
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