The Beijing & Shenzhen housing market is crashing despite rescue efforts from the government. 

Indeed. If you can't break even < 30 years, then that means something is terribly wrong with the real estate market in that area. As rent prices are usually tied to ROI on investment for a real estate purchase, a significant difference indicates a quasi-price fixing or price cartel at some level (as it isn't following the normal level of supply and demand). At that point its more of a "pass the bomb" between the wealthy, similar to a ponzi scheme (which from what I hear is how most real estate developers in China operated).

if home ownership is 70 years, isn't this really prepaid rent rather than ownership?

Patriotism of Xinnie PorkPooh #slopagandpa - With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters. -Chinese 🇨🇳 property Ponzi sector, which accounts for 30% of GDP, is crashing -Tofu Exports and Western imports, accounting for 37% GDP, are down. -Foreign investment is falling over 90% compared to it's peak in 2018. -Foreign visitors are down 96% compared to the pre-pandemic level in 2019 with less than 200 americans left. -Consumer prices are experiencing hyperstagdeflation. -Youth unemployment hits over 21% (in reality 50%+ after eliminating faked numbers), a record. -It's fast shrinking workforce is 10 years old than neighboring countries. - During the years 1990-2021, the US printed 6.5 time more money while China printed 147 times. - It has printed more money than the US and Japan combined, while it's economy is only half of them. - Current Chinese debt-to-gdp is already highest in the world, at 300%, according to Bloomberg. - This is a macroeconomic nightmare created by the party going way back in 1994 when they took the Tofu money off the international exchange. Now in 2024, the banks and the average little pink have no idea what is the ACTUAL value of anything within the country. Any stimulus from the Central state. will be meaningless and ineffectual because the Central Bank is a part of the Party. Thereby merging both fiscal Central and monetary private policies into one ongoing disaster. Local province officials were doing stimulus spending for decades in tandem of the "Economic Miracle" which will undermine any Central stimulus during an actual depression/recession or more accurately.. HYPERSTAGDEFLATIONARY NIGHTMARE. -- in the future house prices will drop to 10%, youth unemployment will be over 70%+ without streams, and middle class people over 35 will all be laid off. How will you do in a country where real estate companies, local governments, and banks across China have crashed or fled? That is your challenge for the future (will you own a trash house with the mortgage?). Pensions will be laundered and your daily pay will be 2 dollars. Mengze harvard daughter: lives in US brother: australian green card daughter in law: british green card sister: canadian citizen brother in law: canadian citizen second sister: australian green card second brother in law: australian green card Arctic Catfish Shenzhen: laughs at how Leeks feed her WOW SO GOOD AWESOME Organ Leeks #sloprosperity #theskydontlie

Lease is 40 years

@@sleepinglaffey3886 This is what happens to people who think organ harvesting of human rights advocates is considered acceptable behaviour.

Well said!!!!

Both...

Yup. Capitalism is a lot of things, but mostly, it's a confidence game. Xi, and all those surrounding him, are true believing Communists. Capitalism and Communism are incompatible by design. These houses are selling at the same level as the confidence of the buyers. Xi is eliminating the Capitalism to the level that it no longer threatens Communism. Only the people of China can change this. I'm not hopeful.

If only government target a yearly inflation at rate of 2%. That means if you saved $100 dollars today, it would worth $50 buying power in 25 years. Government is why people use homes as a retirement program… because even if they saved every dollar they made they would still be broke in 40 years… Politicians are always the problem. Even in the Great Depression the government lied to people and said there was more money in the banks than there actually was.

no Peter for me, I trust Paull and Mary much more.

I've always wondered the same thing

Assuming the country still functions in fifteen years.

It'll probably fall apart before 15 years...

Population shrinkage in Russia, China, Korea, the U.S. and a good part of Europe.

That is lovely. But if i may ask, how did you come up with so much biweekly?

It's Caroline Maria Bravo doing, she changed my life. A BROKER- like her is what you need

$_700k and yet still counting on. Caroline Maria Bravo is the kind of person one needs in his or her life to be honest❤️❤️❤️>>>>>>

Wow 😱 I know her too Caroline Maria Bravo is a remarkable individual who has brought immense positivity and inspiration into my life. Her unwavering wisdom has been an invaluable asset, enriching my journey in countless ways

Smart individuals👍

2003 would have been a great time to buy. You would have made a huge profit cashing out anytime before 2018, I think.