DIPPING INTO THE MARKET

MOTHERFUCKER THEY BUYING HOMES FOR TO LIVE IN LIKE NORMAL PEOPLE

NOT REPTILES

AAAAA

90% of chinese people already own their home anyway and don't view their homes as an appreciating asset the way westerners have been brainwashed into viewing them, so this wont hurt anybody who already owns a home and will only help those who have yet to get on the property ladder.

china stays winning meanwhile you cant scroll on american social media more than twice without seeing something pop up from someone crying because they can't afford rent food or both

Wait wait so prices went down which means more people are buying homes and that means that actually the economy is still working because goods are still being bought and sold?

The problem is a lot more complex than what people are making it out to be.

Way too many people and corporations had invested into the property speculation frenzy post-2014 and now they are losing a lot of money as the bubble starts to burst (which also explains the slumping consumption since Covid).

Note that the sales value of new houses had plunged by 17.1% (blue line) and the area (floor space) by 12.9% (yellow line):

Pay attention to the difference between the sales value and area: the value of newly built houses is falling off at an even greater rate than previously built houses of the same size.

Local governments that had anticipated to profit off the land premium also ended up making loses and found themselves unable to repay their accumulating debt.

And the falling property prices have translated into diminishing expenditures in social spending. Just compare the expenditures of the national budget from 2024 and from 2023:

Spending on education increased only 2% last year (it was 4.5% in 2023).
Social welfare spending increased by 5.6% (was 8.9% in 2023).
Healthcare spending fell by 9.1% (was -0.6% in 2023).

We are in a complex crisis with no easy way out: either save the property prices and keep expanding the bubble further (which will make the eventual burst that much more painful), or let the property market crash and households, corporations and local governments lose a huge ton of money (which means plunging consumption and government spending and straight into recession).

The mood from this Chinese New Year reflected as much the current predicament of the economy - literally everyone I know has curbed spending on New Year’s celebration and the fanfare was nowhere near the level we had in the previous years.

the maoist uprising against the landlords was the largest and most comprehensive proletarian revolution in history, and led to almost totally-equal redistribution of land among the peasantry

The house market is the only one that prices are tried to keep artificially hi and everyone is ok with it.

nooooooo not the investor won't anyone think about the downtrodden investors

Really gotta stop platforming the acp fascists here.

Investors

good emote candidate

The cost is 7% cheaper

RTSG News

They're patsocs btw.

Me when the Chinese line goes down

Me when the American line goes down

: “Won’t somebody think of the invoooosters! Muh heckin liquid equity assets! Noooo! I can’t boooood mah woooooth!”