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Throughout the last few years, China experienced what many would call a “real estate housing boom bubble,” as citizens preferred to invest their money in housing as a safety net, causing the real estate market to increase double-digits year over year. But, there was a problem:
It's alleged that some of the largest developers were taking presale money, funneling them into NEW projects for the purpose of garnering even MORE pre-sale deposits, and running a property Ponzi-scheme by using new funds to slowly complete the construction of past projects.
As more and more properties fell behind on construction, or flat-out abandoned projects due to a lack of funding…buyers have staged a mortgage boycott…where “All homebuyers with outstanding mortgage loans will stop paying, unless construction resumes before Oct. 20.”
The loans have also spilled into their banking system, where customer deposits have been frozen since April. Over 400,000 customers across China have fallen victim to similar “bank-run” activities, and it’s reported that a quarter of the industry’s total assets are held by 4000 smaller lenders…”which often have opaque ownership and governance structures and are more vulnerable to corruption and the sharp economic slowdown.”
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For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
GET YOUR FREE STOCK WORTH UP TO $1000 ON PUBLIC & READ MY THOUGHTS ON THE MARKET - USE CODE GRAHAM: http://www.public.com/graham
Trade Bitcoin, Doge, and other crypto with low fees on FTX. Use my referral code GRAHAM and get up to $100 FOR FREE: https://ftx.us/partners/graham
GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF - $100 OFF WITH CODE 100OFF
Throughout the last few years, China experienced what many would call a “real estate housing boom bubble,” as citizens preferred to invest their money in housing as a safety net, causing the real estate market to increase double-digits year over year. But, there was a problem:
It's alleged that some of the largest developers were taking presale money, funneling them into NEW projects for the purpose of garnering even MORE pre-sale deposits, and running a property Ponzi-scheme by using new funds to slowly complete the construction of past projects.
As more and more properties fell behind on construction, or flat-out abandoned projects due to a lack of funding…buyers have staged a mortgage boycott…where “All homebuyers with outstanding mortgage loans will stop paying, unless construction resumes before Oct. 20.”
The loans have also spilled into their banking system, where customer deposits have been frozen since April. Over 400,000 customers across China have fallen victim to similar “bank-run” activities, and it’s reported that a quarter of the industry’s total assets are held by 4000 smaller lenders…”which often have opaque ownership and governance structures and are more vulnerable to corruption and the sharp economic slowdown.”
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
If this is true, WW3 is right around the corner. I hope everybody is ready for whats coming..
34 days right? Lemme know how it works out…
The paper dragon is starting to burn up.
The world economy has been damaged by Covid from a Chinese Lab funded by America for Gain of Function.
The World economy is collapsing because of American internal Politics. How can we allow a single corrupt country destroy the World .
We need a Unipolar World economy that stops the US controlling and intimidating. All this destruction to Stop Donald Trump with lies, distraction and coverup. We are the brink of death at a level unknown with a World War.
Great thumbnail lmao 😂
We keep hearing about this. Over and over and over. But that's not the entire economy – just housing. And China keeps going and going.
Despite the economic downturn,I'm so happy☺️. I have been earning $ 60,000 returns from my $7,000 investment every 13days.
China has BOTS that dislike CCP critizing videos, so like it 😀
I feel sorry for the chinese, but this must happen to make people see the disease that is communism. Don't be a communist, or you are a disease.
I'm taking my money 🤑 out of the bank and buying a house. lol House Rich, Cash Poor. JK I will leave a bit in there and my terrible investment portfolio that's down by tons. I also sold CELH Celsius right before Coca Cola put in 500 plus million into them causing them to go up $23 or more dollars a share. I'm killing it.
I'm holding on to a fleeting hope that this will incentivize companies to massively invest in the United States and have things be made here if at all possible. Of course that would take a lot of deregulation and I don't know if that would happen unless there was no other choice. Possibly if the entire supply chain is half crippled the government will have no choice but to incentivize companies to start manufacturing their products stateside.
lol show your gt40 as a write off for your you tube channel . lol so fake
So what, US dollar was about to collapse at one point, then they got off the gold standard. This whole cryptocurrency train is not here for nothing.
I keep seeing this everywhere, but the evidence has been slim. Combine that with the fact that they are being aggressive militarily, and just bought 20 million barrels of oil from the US, I'm not so sure that their economy is crashing.
China's response to a economic collapse martial law tanks int he streets.
Knock it off with the "x amount of days" bullshit. Its disingenuous and click baity.
you think ccp rather have war than depression>?
But bro…the strategy is used every where in Europe. This is the way the prices go up and up and up…until they do not care how much the damage will be when the bubble pops
The corn demands blood.
Why the big surprise? Doing the same thing here. Borrowing 700 billion to reduce inflation. Its the new math.
The problem with China is that it let it’s middle class collapse.
The middle class are the ones that can’t take out their money out of the banks and the ones who keep pushing their kids into college. Lots of debt and no money for them.
The US greedy but the middle class is still alive here. Wether some Americans agree or not.
SOOOO LETS START WAR is what they say! China tells Pelosi to go to China and make it look like they get pissed off and want to start war so their economy doesn't collapse? Biden barely says a word cuz he's in favor? idk
War does help an economy
I think the sane scam is going on in America banks
Hopefully this economic downturn for China will help prevent a war with Taiwan.
Nevers seen then ":" in a Youtube Title, reminds me of newspaper!
Just to give you some perspective on where we are in this economy and the magnitude of this bubble. A 1996 Geo Metro is selling for $20k on eBay. It's over.
Thanks for the shoutout Graham! Props to you for providing incredible additional research on the global implications of China's collapse.
The CCP has been attempting to censor videos like this so it's essential to get the message out. Anyway, big fan of your channel and keep up the great work.