Comments by "J5,6,2g,0h,d W\/$ get the muLA" (@j562gee0hdeewestsdegethemuLa) on "Chinese Housing Market in Crisis: Nationwide Trend of "Giving Away Homes for Free”" video.

  1. It's not free if they need to assume a loan you got ripped off for . In America they have predatory individuals who will use public data to find people who are in distressed and will offer them a low ball offer for their home in exchange for making the problem go away . the difference between there and America is that the likely hood of prices rebounding is small because unlike in America China's property values are extremely over valued, America is actually affordable when compared to rest of the world . And has a far superior economy system so why would anyone who could pick choose to invest in China ? Why would they wish to assume your loan when they can just wait for you to default and buy your home for a discount once your assets are liquidated .
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  2. I honestly believe china will be far more devastated than japan was because of the overall world view of China currently..seems like theres a push to isolate china like north korea . I also believe japan is just far more competent and as a whole more loyal to one another . Seems its hard to build in china because theres a lack of trust
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  3. Are they really this naive ?All you gotta do is pay back a loan that they got ripped off for and the house is yours to be the next victim 😅 . Why would anyone do this without compensation? They could just wait til you go bankrupt and your assets are liquidated on sale. The fact people are desperate enough to be advertising a proposition like this is a clear red flag to everyone else , only someone even in a more desperate situation would even consider such a trash deal and someone who is in such situation would not be financially capable of making such dumb a decision. In America we have entire industries built off profiting off people in distressed situations..it sounds horrible but this is why free markets are so efficient problems fix themselves when there is an incentive. We dont need to wait for grandpa biden but it seems like in china they are very dependent on being controlled because when things go wrong or change it seems many cannot adapt and do odd things as a cry for help
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  4. Didnt evergrande get caught getting multiple loans for the same properties ? If they were capable of doing that then that means others with the same power are able to also meaning if this becomes a trend indiciduals could easily scam others by selling the same property to multiple individuals and running off with funds before anyone realizes
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