Comments by "D W" (@DW-op7ly) on "Anger mounts as China's property debt crisis leaves flats unfinished" video.

  1. In 2008 around 70% of the people in their real estate markets were buying their first homes by 2018 around 70% of the people in their real estate markets were buying their 2nd or 3rd homes. Something had to be done and some were going to fall through the cracks
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  2. China since 2011 was cutting off money supply to these developers. That's why you heard about underground economy and shadow banks. Which they had to step in and shutdown/regulate 2008 around 70% of the people in their real estate markets were buying their first homes by 2018 around 70% of the people in their real estate markets were buying their 2nd or 3rd homes. Something had to be done and some were going to fall through the cracks A few hundred million rural folks still need to migrate to the cities. Most of these developers were not building affordable housing
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  3. China since 2011 was cutting off money supply to these developers. That's why you heard about underground economy and shadow banks. Which they had to step in and shutdown/regulate 2008 around 70% of the people in their real estate markets were buying their first homes by 2018 around 70% of the people in their real estate markets were buying their 2nd or 3rd homes. Something had to be done and some were going to fall through the cracks A few hundred million rural folks still need to migrate to the cities. Most of these developers were not building affordable housing
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  4. China since 2011 was cutting off money supply to these developers. That's why you heard about underground economy and shadow banks. Which they had to step in and shutdown/regulate 2008 around 70% of the people in their real estate markets were buying their first homes by 2018 around 70% of the people in their real estate markets were buying their 2nd or 3rd homes. Something had to be done and some were going to fall through the cracks A few hundred million rural folks still need to migrate to the cities. Most of these developers were not building affordable housing
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  5. China since 2011 was cutting off money supply to these developers. That's why you heard about underground economy and shadow banks. Which they had to step in and shutdown/regulate 2008 around 70% of the people in their real estate markets were buying their first homes by 2018 around 70% of the people in their real estate markets were buying their 2nd or 3rd homes. Something had to be done and some were going to fall through the cracks A few hundred million rural folks still need to migrate to the cities. Most of these developers were not building affordable housing
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  6. China since 2011 was cutting off money supply to these developers. That's why you heard about underground economy and shadow banks. Which they had to step in and shutdown/regulate 2008 around 70% of the people in their real estate markets were buying their first homes by 2018 around 70% of the people in their real estate markets were buying their 2nd or 3rd homes. Something had to be done and some were going to fall through the cracks A few hundred million rural folks still need to migrate to the cities. Most of these developers were not building affordable housing
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  7. Thus the Common Prosperity push by their CCP Government these days. Can't have the rich urban Chinese owning 2 or 3 homes. But a few hundred million rural migrants still expected to move to the cities without affordable housing
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  8. China since 2011 was cutting off money supply to these developers. That's why you heard about underground economy and shadow banks. Which they had to step in and shutdown/regulate 2008 around 70% of the people in their real estate markets were buying their first homes by 2018 around 70% of the people in their real estate markets were buying their 2nd or 3rd homes. Something had to be done and some were going to fall through the cracks A few hundred million rural folks still need to migrate to the cities. Most of these developers were not building affordable housing
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  9. China since 2011 was cutting off money supply to these developers. That's why you heard about underground economy and shadow banks. Which they had to step in and shutdown/regulate 2008 around 70% of the people in their real estate markets were buying their first homes by 2018 around 70% of the people in their real estate markets were buying their 2nd or 3rd homes. Something had to be done and some were going to fall through the cracks A few hundred million rural folks still need to migrate to the cities. Most of these developers were not building affordable housing
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  10. China since 2011 was cutting off money supply to these developers. That's why you heard about underground economy and shadow banks. Which they had to step in and shutdown/regulate 2008 around 70% of the people in their real estate markets were buying their first homes by 2018 around 70% of the people in their real estate markets were buying their 2nd or 3rd homes. Something had to be done and some were going to fall through the cracks A few hundred million rural folks still need to migrate to the cities. Most of these developers were not building affordable housing
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  11. China since 2011 was cutting off money supply to these developers. That's why you heard about underground economy and shadow banks. Which they had to step in and shutdown/regulate 2008 around 70% of the people in their real estate markets were buying their first homes by 2018 around 70% of the people in their real estate markets were buying their 2nd or 3rd homes. Something had to be done and some were going to fall through the cracks A few hundred million rural folks still need to migrate to the cities. Most of these developers were not building affordable housing
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  12. If the Chinese Government wanted to they could step in and save these Developers but they have not. Probably figured these rich Chinese can take a hit on their investment. While the poorer Chinese can afford homes now
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  13. Luckily most Chinese debt is internal debt. Which they swept under the table like in the 1997 Asian Financial Crisis. As opposed to Sovereign External debt most western countries have piled up. I read a report depending on how much China opened up. They could add 22 trillion to 37 trillion to world GDP by 2040. Obviously they are not opening up. As that would only make the rich Chinese richer. When you disenfranchise the people at the bottom of your society. They are the ones who are most likely to act out. Just look at our western countries and our homeless
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  14. China since 2011 was cutting off money supply to these developers. That's why you heard about underground economy and shadow banks. Which they had to step in and shutdown/regulate 2008 around 70% of the people in their real estate markets were buying their first homes by 2018 around 70% of the people in their real estate markets were buying their 2nd or 3rd homes. Something had to be done and some were going to fall through the cracks A few hundred million rural folks still need to migrate to the cities. Most of these developers were not building affordable housing
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  15. The USA just borrows more when that debt matures. Chinese debt is mostly internal debt which they can sweep under the table. There is a big difference between internal and external debt
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  16. China has been cutting off money flow to these Developers since 2011. That's why we heard about shadow banks around that time. The real irony is most Chinese debt is internal debt VS little external debt which is lumped together But there is great pains to separate US external debt which is that 32 trillion VS US internal debt which you are looking at 200 trillion in derivatives bets 193 trillion in unfunded liabilities, 35 trillion in Medicare, 22 trillion in Social Security etc etc That's because internal debt can be swept under the table. These last 2 years the Developers cut off from money supply. Started to sell off junk bonds to foreign investors. These investors thinking the Chinese Government was going to back stop these Developers. Are out of luck As they file for bankruptcy protection in US courts
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