Comments by "D W" (@DW-op7ly) on "What This $100B Ghost City Reveals About China’s Property Crisis | WSJ" video.

  1. Their Government was cracking down on these developers since 2011...thats why we heard of the underground economy and shadow banks... It's been crack down after crackdown and regulations since. Culminating in them seeking money flow and selling their junk bonds to foreign investors. The real problem is these developers are greedy. There are still a few hundred million rural people expected to move to the cities. But not enough affordable housing is being made for them The homes are used to store equity/wealth. In 2008 around 70% of the people were buying their first homes in the city. By 2018, 70% of the people were buying their 2nd or 3rd homes
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  2. Their Government was cracking down on these developers since 2011...thats why we heard of the underground economy and shadow banks... It's been crack down after crackdown and regulations since. Culminating in them seeking money flow and selling their junk bonds to foreign investors. The real problem is these developers are greedy. There are still a few hundred million rural people expected to move to the cities. But not enough affordable housing is being made for them
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  3. Yup Their Government was cracking down on these developers since 2011...thats why we heard of the underground economy and shadow banks... It's been crack down after crackdown and regulations since. Culminating in them seeking money flow and selling their junk bonds to foreign investors. The real problem is these developers are greedy. There are still a few hundred million rural people expected to move to the cities. But not enough affordable housing is being made for them
    1
  4. Their Government was cracking down on these developers since 2011...thats why we heard of the underground economy and shadow banks... It's been crack down after crackdown and regulations since. Culminating in them seeking money flow and selling their junk bonds to foreign investors. The real problem is these developers are greedy. There are still a few hundred million rural people expected to move to the cities. But not enough affordable housing is being made for them
    1