Comments by "David Himmelsbach" (@davidhimmelsbach557) on "China’s Property COLLAPSE Is The Biggest In Worlds ENTIRE History" video.

  1. Stoic:: You entirely skipped past the significance of 2004-2005. This is when the CCP allowed NON-CCP members to buy (residential) property. Look what happened to your graph. At all times previous, ONLY CCP members could own their own place. Even that started in the very late 1980s. Real estate private ownership was one of the reforms triggered by the student revolt. The CCP had to do something really popular to get back in good graces with the faithful. ( A lot of the students were children of CCP members. ) Most of the bubble occurred when Xi was running the store. As things are unwinding, one has to ask WHY would any Party member put the fool in charge for life ? The bubble should've been priority number one -- practically the day he took power. Prices were already crazy -- even that far back.
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