389
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 12 Mar 2024
389 points (98.5% liked)
World News
32315 readers
883 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
Not afaik. Anyone buying an unfinished condo though likely already has a home, specially since China's home-ownership is about 90%.
And if they don't, they can buy one for much cheaper now cuz house prices have gone down thanks to this real estate bubble being popped. And China already has 600 million vacant homes.
This also coincides with the CPC moving funding from the overinflated real estate sector to the high tech sector btw.
particularly EVs
Geopolitical economy report has a more in-depth video on this.
Here is an alternative Piped link(s):
Geopolitical economy report has a more in-depth video on this
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I'm open-source; check me out at GitHub.