China Nationalizing Real Estate as Property Collapse Deepens, Prices Crash & LGV's to Buy Apartments - Joe Blogs

[TexasTowelie]

The Property Sector accounts for around 25% of the Chinese Economy and the Collapse over the past few years has caused major problems for China. The latest data shows that the FALL in Property Prices is now accelerating. In January the CPP instructed the State Run Banks to provide debt to the Property developers to enable them to complete the build of the unfinished apartment buildings however this strategy has not proved to be successful. China has now announced additional measure to save the property sector including offering cheaper mortgages, offering mortgages with lower deposits and allowing Local Government to buy unsold apartments. In this video I provide more details of the current situation and discuss the potential impact on the Chinese Economy.

Chapters:
0:00 Intro
4:21 PROPERTY PRICES
6:46 PROPERTY SALES
11:54 WHITELIST INITIATIVE
14:30 BUYER STIMULUS
16:24 LOCAL GOVERNMENT PURCHASES
18:40 SUMMARY & CONCLUSION

[marble falls]

1. A great idea. The Fed should nationalize the 10M empty residences the REITs have "banked" to keep rents high ...

... older I get, the more solutions I socialism providing.