schizoidman@lemm.ee to World News@lemmy.worldEnglish · 3 months agoChina's home-price slump deepens to new 9-year low despite stimuluswww.reuters.comexternal-linkmessage-square15fedilinkarrow-up1102file-textcross-posted to: worldnews@lemmy.ml
arrow-up1102external-linkChina's home-price slump deepens to new 9-year low despite stimuluswww.reuters.comschizoidman@lemm.ee to World News@lemmy.worldEnglish · 3 months agomessage-square15fedilinkfile-textcross-posted to: worldnews@lemmy.ml
minus-squarefine_sandy_bottom@lemmy.federate.cclinkfedilinkEnglisharrow-up15·3 months agoAffordable housing is fantastic for everyone, but values of houses falling is kinda scary. There’s definitely a house of cards feeling in real estate in China, and if there were any sort of collapse it would be felt around the world. As in any economic instability, the wealthy can consolidate their positions and the poors just get pushed further into the mud.
minus-squarehark@lemmy.worldlinkfedilinkEnglisharrow-up8·3 months agoWasn’t Evergrande supposed to collapse a year or two ago?
Affordable housing is fantastic for everyone, but values of houses falling is kinda scary.
There’s definitely a house of cards feeling in real estate in China, and if there were any sort of collapse it would be felt around the world.
As in any economic instability, the wealthy can consolidate their positions and the poors just get pushed further into the mud.
Wasn’t Evergrande supposed to collapse a year or two ago?
Yes.