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This is getting bad. Real bad.

-Chris

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People Have Stopped Paying Their Mortgages—China’s Real Estate Crisis

China's facing a real estate crisis that's only getting worse, and there's very little the CCP can do to stop it. In this episode of China Uncensored, we look at why people have stopped paying their mortgages, why the real estate sector is so important to China's economy, and what happened to Chinese citizens who invested in housing that never got built. YouTube demonetizes our channels, we need your support! https://www.patreon.com/ChinaUncensored https://chinauncensored.locals.com We also accept bitcoin! https://chinauncensored.tv/bitcoin Buy our merchandise! https://chinauncensored.tv/merchandise Make sure to share this video with your friends! ______________________________ Subscribe for updates: youtube.com/ChinaUncensored?sub_confirmation=1 ______________________________ Twitter: https://twitter.com/ChinaUncensored Facebook: https://facebook.com/ChinaUncensored Instagram: https://instagram.com/ChinaUncensored And check out the China Unscripted podcast! https://youtube.com/chinaunscripted #China ______________________________ © All Rights Reserved.

Comments

Anonymous

True, but no totalitarian dictatorship goes down without ruining as many lives, the economy and the environment as they can before they leave.

Anonymous

Chris, Chinese home prices are similar or exceeding those in the west. Where has all the money gone to, if not into the construction of houses? Into the pockets of corrupt politicians? P.S.: Love your show. Is it really a "satirical news show"? Does not feel like a lot of satire, more than sad facts these days.