World News@lemmy.worldEnglish · 11 hours ago

China's Housing Crash Just Wiped Out 20 Years of Price Growth

thedeepdive.ca

China's Housing Crash Just Wiped Out 20 Years of Price Growth

thedeepdive.ca

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World News@lemmy.worldEnglish · 11 hours ago

China's Housing Crash Just Wiped Out 20 Years of Price Growth | the deep dive

thedeepdive.ca

Inflation-adjusted home prices in China have fallen below where they started two decades ago, and the fiscal fallout is hitting local governments even harder than developers.

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HobbitFoot @thelemmy.club
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The problem is that a lot of Chinese elderly used housing as a storage of wealth.

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