Comments by "Bobby Loo" (@BobbyLoo-jr8ys) on "China's housing market has crashed! Beijing home prices slashed in half! Homeowners in despair!" video.

  1. Those who's brought property at high price and now lost value, well...too bad. I know this statement is hurtful. But logically, it was an investment. NOT all investment are profitable. It is like the stock market. Furthermore, no one force them to sign the mortgage paper. Many Chinese ppl believe that housing is a MUST, which I understand and many refuse to rent. Bc renting is losing face. But I must say, only those that can truely afford a property should buy. By putting 20% down, it is a HUGE risk. THere is no saving and home owners become SLAVES to the bank with interest Why not put 70% down. Bc it is easy to get mortgages in China, this push the housing price (inflated). A bank is a business. It wants to earn money from you. So those with HUGE debt, the blame is ON YOU, not the economy. We can't control the economy, but we can control our money, our decision, our debt. But no, it is ALL about face, being home owner. IT IS A TRAP. and sadly, many educated CHinese ppl don't understand this.
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  2. Chinese ppl lack understanding of the housing bubble, thinking housing price will increase indefinitely. How is that possible when salary can't keep up with the housing price.
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