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Vale Tudo
Bloomberg Television
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Comments by "Vale Tudo" (@valetudo1569) on "China’s Mortgage Boycott Capital Plans Property Bailout Fund" video.
Why did they let it get so bad before they decided to do a state bailout fund? They knew this issue was coming with undeveloped properties... what, they just expected people to keep paying their mortgage on a house that didn't exist? Ridiculous
3
What does any of this have to do with the US? This video is about the mortgage problem in China
1
Not if they bail them out... but then that leaves another problem of adding even more debt to already super cash strapped local governments in China. Less immediate probably but still a major problem
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