A housing crisis in China would look nothing like what's happening in the US — it could wipe …

a housing crisis in china would look nothing like whats happening in the us it could wipe out entire families instead of one generation

Sumary of A housing crisis in China would look nothing like what's happening in the US — it could wipe out entire families instead of one generation:

  • And as China contends with the potential default of Evergrande — one of the country’s largest property developers — a housing crisis looms ever closer on the horizon.
  • Bruce Bisping/Star Tribune via Getty Images China’s housing crisis: Everyone — and their family — is implicatedHomeownership rates in China are high.
  • That’s why, in a worst-case housing-market scenario in China, it’s not a generation that would get wiped out, Sun said: It’s families.
  • “That means that if there were an issue in the housing market — say, a massive real-estate developer with $300 billion in debt, missed bond repayment deadlines, and strong signs of contagion risk — what would be triggered wouldn’t be a wave of bank defaults.

Want to know more click here go to source.

From -

Close

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close