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loudvillager
comment | 74205 | 0

The housing market is slowing down. Properties in China have little to no real worth and the country has too many houses, yet people have stashed their entire life savings into the market and have nowhere else to go. The last thing the government wants is someone from outside China writing about such things for an authoritative and credible source which could result in people noticing that the scenario was caused by the government and businesspeople in China's greed, corruption and ineptitude. They need an echo chamber that can drown out any rational and sensible claims which will undermine the nationalism that the government will have to set off to distract everyone from the fact that they were stupid enough to buy a concrete box with a lifespan of about 15 years for a 70 year nominal lease which is funded by a 30 year loan which compounds and the rate is likely to rise also. Tulip Mania 2 is what this is.

Jul 06, 2017 20;32
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