China’s Middle Class Breaks Down Crying! Assets Zeroed Overnight, Back to Poverty (RE-UPLOAD)

RE-UPLOAD
The Chinese middle class is the most reactive to changes in society and serves as a barometer for assessing the current Chinese economy. In 2024, China's middle class faced a severe crisis of reverting to poverty, confirming that the CCP's macroeconomic policies have entered an irreversible downturn.
#chinaobserver
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[@zeorhymer6]

What these people fail to understand is that if they are paying a loan, they don’t own the property. None of those things are assets, they are liabilities.

[@fdk7014]

In China you can't own property at all. You lease it from the government for 70-99 years depending on situation. Of course that's only on paper. In reality the CCP can take it away from you any time they like if they want to do something else with it. You have no recourse to stop them.

[@per_growth]

Unless the property you bought spiked. If it does, then you would have sufficient capital gain relative to the mortgage you were paying. Unfortunately for them, China's property market crashed (for several reasons).

[@bananasmoothie006]

unless that loaned asset produces revenue - its a risk adjusted liability

[@RT-qd8yl]

In China you don't own property regardless, it's basically a 70 year lease

[@sangjeongkimcho293]

YUR A DVMASS: IT IS AN ASSET BUT IT GOES UP PROPORTIONALLY TO LIABILITY WHAT YOURE TRYING TO GET AT IS EQUITY IM A RETIRED BILLIONAIRE ANIMAL WILDLIFE EXPERT AND I EVEN KNOW THIS

[@bolitapelona]

When will we all realize that the Banks are playing us all?

[@tindrums]

They dont own the land, it is owned by the state... real estate is then absolutely speculative.

[@4040Collective]

30 million yuan is USD 4.2 Million, thats not middle class by any means

[@eliascastillo1641]

Rich people are calling themselves middle class now.

[@sylvainh2o]

Yeah i went to do the conversion and i was like wtf this young guy is a multi millionaire and multi million house if it's the standard of asset value of the people in Bejing and stuff then wtf they aren't allowed to complain being worth multi million $$$ Just leave China change country and live like a super wealthy.

[@abigailmaturana741]

i mean, its still pretty telling if even their not immune to their economy going to poop

[@sylvainh2o]

@@abigailmaturana741 Yep but some case in this video are ridiculous. Like the young single man saying omg my 5 000 000$ Usd Condo now barely worth 4 000 000$ Usd I'm so poor and doomed lol!

[@sarahbarnes3605]

America wake up cuz this is coming here too!

[@rayc3103]

I read the title as “Asses wiped out overnight”

[@mohhingman]

Synonymous really.

[@True_Believer100]

Well your not wrong tho 🤔😂

[@danwithguitar]

Lmao that too

[@Raebrained]

😂😂😂

[@bonniemoon6790]

Lol dyslexic gang

[@mattdeinken6580]

I'd hate to invest in a home and then find out your home is crap and falling apart

[@sudhirmunasur5508]

Developers of residential blocks are building these estates very rapidly nowadays. They aiming for large volumes at affordable prices. The result: one heavy rainfall ☔ and there are leaks everywhere.

[@user-js9qf2bc1x]

@@sudhirmunasur5508 that’s finally stopped. Was stopped by the government. Millions affected , two largest real estate companies have gone belly up!

[@angelor9211]

Texas housing Market in a Nutshell

[@mattdeinken6580]

@angelor9211 I only have been around the Dallas Ft.Worth international Airport and Wichita Falls,I don't know Texas housing market

[@user-js9qf2bc1x]

@@angelor9211 there are 25 MILLION unfinished and abandoned apartment buildings in China. Stop trying to deflect!

[@carlmorgan8452]

Worldwide economic ponzy scheme

[@SAM_Felipe]

Unlike the US, China is an investment dependent economy. If you restrict foreign direct investment, China will suffer.

[@leapdrive]

Another thing to blame for China’s fall? Who will invest in China when your economy is on a free fall?

[@nuuutje485]

Hahah you're joking... USA and Europe don't do so good either.. lots of poverty among middle class

[@leapdrive]

@@nuuutje485 , there’s a difference between no doing good and a whole generation not getting paid at work or totally unemployed and sleeping on the streets by the hundreds of millions.

[@user-js9qf2bc1x]

@@nuuutje485 when everything in your country is tofu dreg you’re headed for a big drop. China is already going down. BUY A NEW EMPTY TOFU DREG APARTMENt. That’s bound to work out for ya!

[@sflxn]

It's more nuanced than that. China is dependent on foreign direct investment, while the US is dependent on massive deficit spending and borrowing. It's hard to keep the lights on without money.

[@Jack-It-UP]

Great reporting, but so sad, my heart goes out for the Chinese people thanks.

[@user-dl8yo3cg6q]

Exactly, too many people are being insulting and not having any compassion for people suffering in China

[@junkscience6397]

@@user-dl8yo3cg6q Oh, compassion for those buying three four and five houses! They're GREEDY. They took stupid risks, and now they're going to PAY for their stupidity and greed.

[@user-dl8yo3cg6q]

@@junkscience6397 just because someone has money to afford to make investments in houses does not mean they are greedy, i can't afford to buy a house, and although i can' t this does not mean i judge people who do have money, you are jealous

[@KaKA-mt2ei]

Because they are extremely uncompasionate people, they only have compassion for one color.

[@snowps1]

This is happening to the middle class the world over.

[@EduardQualls]

*With 900 million people living on no more than ¥2000 (US $282) a month, where's the CCP's "middle class"?*

[@Pfftztt]

I live on $1110 before anything a month on disability. I live better than poorer. Thankful. 🥰🇨🇦🙋🏻‍♀️I have a suite, food and yard. No hydro. I am not well off, but live thankful at 62. I start with that $1110. My total living pension. 🥲

[@dnbjedi]

Shhhh 🤫

[@Cutesticles]

China is marked by centuries of suffering and despair, with mass starvation of millions. Did anyone believe modern China would be any different?

[@robertgrey6101]

@Cute Chinese government can't change like a leopard can't change it's spots.

[@jamesrawlins735]

All anyone had to see was all those ghost cities in China to know that all that "growth" was so phony and the economy was a ticking time bomb.

[@JohnDoe-qh5xg]

​@@robertgrey6101 some leopards are born full black.... China numba 1 😂

[@marcuslloyd8218]

Same all over Europe too so what's ur point. What you should be noting is the stupidity of capitalism

[@mangodiet801]

I'm not seeing footage of homeless encampments from there like we have .. so who do you think is better off?

[@crazychina544]

Multimillionaires are not middle class... wtf

[@emdee31]

Depends on what that million is in. Multimillionaires with net worth in USD are not middle class. But I'm RMB a million is about 141,000 in USD. So they must have over 8 million to be considered a millionaire. Also remember many have one house with mortgage. The only reason people have 2 or more is because of 1 child policy. Both set of grandparents have one child and that couple has 1 so 3 sets of houses are inherited by 1 child. But they generally sell 2 houses and invest in another house in cities like Beijing or Shanghai.

[@asscheeks3212]

Don't tell hasan that

[@TheeRomantic]

​@@emdee31141k USD isn't middle class in the US

[@emdee31]

@@TheeRomantic we're talking net worth here. That's what a house costs in a village in a3rd world communist country. Besides even in the US That's an upper middle class income of an engineer right there. Someone who lives in a house in a suburb, drives a Ford or a Honda to work, works 8 to 5 or 9 to 6, complaints about traffic on the road. Lemme tell you that's a high salary but it's still just upper middle class.

[@pyrioncelendil]

They are when your currency doubles as toilet paper.

[@mccg4337]

this is what happens when people value money more than their culture both China and India are going the wrong way.

[@user-js9qf2bc1x]

Yeah well you can’t eat your culture either, unless you’re a cannibal.

[@dnbjedi]

Exactly.

[@Mexican00b]

"in assets" houses should be to live in not to be used as a bank...

[@KJSvitko]

Make enemies of your trading partners and wonder why they stop buying from you and move their manufacturing to friendlier countries. The wolf warrior policies have consequences. All negative to the Chinese people.

[@arleneparris3446]

If U going to cheat me by poisoning my product or switching my materials, of course my factory is going to another country

[@david888a]

@@arleneparris3446after COVID , it screwed up China’s manufacturing, countries relying on medical supplies from China, masks, sanitizers n others,opened the eyes of every countries n companies started to,open manufacturing elsewhere,like in Vietnam, Thailand n India. Fox comm n Apple leaving too… When Trump gets in again, trade war with China will be reopened again…

[@misterbig9025.]

It's strange but true, that the *only modern combat footage* of the chinese 🇨🇳 military, is of them *fleeing the battle* in sudan, where they were in a peacekeeping operation

[@jchan0806]

Everybody chasing the same things and wonder why everything went wrong.

[@parkerbohnn]

Sounds a lot like the 1929 stock market and the 2024 stock market in America.

[@AlejandroMonsivaisMarque-qb6cn]

Exactly…

[@antpoo]

Those prices are absolutely ridiculous. 1 million yuan is over $200k AUD. So these ppl are all multi millionaires?

[@llothar68]

In a fact yes, the people this channel are showing are millionairs. They use everything possible to do Anti-Chinese CCP propaganda they fail to see that this is just a typical investment bubble burst happening in the west also from time to time.

[@junkscience6397]

Yeah, all of them are rich...in a country where the government pension for rural seniors averages to 17USD...a month! LOL Fake News.

[@ka-md8ue]

They gambled on houses I guess

[@parkerbohnn]

At the peak home prices got to 86 times income

[@jansix4287]

China has 814 billionaires, slightly more than the U.S. at 4 times the population. If the trend would’ve continued, China would’ve become the largest economic power in the world. It’s a race of whom’s Ponzi scheme collapses first.

[@DrMatey215]

Stock players are like compulsive gamblers.

[@davidbrayshaw3529]

It depends on what the investments are and for how long you intend to hold them.

[@BobDeGuerre]

So... What you're saying is a "professional" stockbroker knows when to hold 'em, knows when to fold 'em, knows when to walk away, knows when to run? Sure sounds like gambling to me.

[@parkerbohnn]

@@davidbrayshaw3529 The U.S. stock market today is the most overvalued in all of history and is nothing but a pure ponzi exactly the same as the Chinese real estate market. The greater fool theory and then the ponzi implodes as the bankers who run the ponzi sell every stock em mass. The circuit breakers kick in and the markets reopen 2 weeks later down 80+ percent. That's the future of the U.S. stock market.

[@parkerbohnn]

@@BobDeGuerre He saying your only hope in the U.S. stock market ponzi is to day trade it. Buy and hold and lose 95 percent is how every ponzi ends.

[@soup-nazi6824]

​@@BobDeGuerrelife is a gamble & marriage is like gambling in a crooked casino...😅

[@rjbarton2010]

These people are entitled. Disgusting

[@patricequinn7733]

Those mega city scapes with endless concrete towers look very inhospitable,much like the housing market itself.

[@kittybrowneye3163]

There is only one thing they can't make more of, you can find more gold, print more money but you can't make more land and you can't own it there for a reason

[@per_growth]

You actually can - it's called reclaimed land.

[@robertgrey6101]

​@@per_growth Reclaimed from where, by who at what cost.

[@nicholasblakiston6297]

Good luck finding gold, the Earth's surface has been searched quite thoroughly at this point.

[@MCLottotv]

What's more important than land? The people living on the land!

[@salamandiusbraveheart4183]

Who cares? Fake is what fake does

[@yzhang333]

To be fair, these people didn’t complain when their real estate 5x’s in 2 years. Just like nobody deserves sudden depreciation of their assets, nobody deserves sudden appreciation of their assets either.

[@iamamoghalfmanhalfdog5325]

Women with red hat is at the liberating f... it stage

[@rjbarton2010]

It is happening here because of these people buying up our real-estate. I don't feel sorry for them, they are the problem. Look at the buildings being dumped in the USA by the Chinese people..

[@junkscience6397]

Her kid will grow up to resent and despise her for her stupidity and saying "f...it" . Watch.

[@deusbeowulf6039]

Good economic times “I’m rich! 2 houses, 4 cars, 8 companies!” One bad year “I have to eat sewage now just to survive!” Sounds like stupid planning to me…

[@digitalnomad9985]

Government regulations limited their investment options. Planned economy strikes again.

[@angelor9211]

"If something is thriving more than it should its probably gonna cost you triple later" -Economics class

[@deusbeowulf6039]

@@digitalnomad9985 Sounds like someone didn’t “plan” for the economy to go to poop. Let the good times roll, right? Same people that are all about personal accountability. Where is it now?

[@cheekygoddess71]

That's why so many have been buying housing in Australia making it hard for us

[@maincoon6602]

They bring their blood money to Australia and other democratic countries. We need to stop this invasion.

[@KaKA-mt2ei]

Not as hard as you made it on the native aboriginal people

[@parkerbohnn]

It's much worse in Canada if that helps.

[@cheekygoddess71]

@@KaKA-mt2ei who made it? I am Kamilaroi and yeah our land was taken and still most is locked off from even us. They are using UNDRIP to try and take it using the UN who has no legal rights but is trying to weaken our laws to get their foot in the door. My people do not trust the Government. All they have ever done is take and kill our mob. During covid they didn't hide it. They took our elders locked them down. Forced jabbed them and ma y died and many have died or are sick since and our kids. So again who are you referring to in your comment. I'm confused. Please explain.

[@cheekygoddess71]

@@parkerbohnn The original people always suffer at the hands of the colonisers. No body has asked if we wanted to be apart if their toxic world and lose our connection. It's always been taken and forced from us. They fear the spiritual world of which we genetically still have stronger connections too.

[@sylvainh2o]

They study so hard yet gets no reward from it.

[@anomalythinking]

Fake flowers always fade given enough time. Real flowers bloom, multiply and recycle their beauty over and over.

[@LisaApril]

I would've moved to the United States. What's the point in staying in China without a job and with not much else?

[@midimusicforever]

Why re-upload? Was this taken down?

[@nbrown5907]

Hmm the middle class is shrinking in the west too, perhaps this is bigger than you thought.

[@cheekygoddess71]

The WORLD ECONOMIC FORUMS plan for AGENDA 2030 is to remove the middle class. So you will own nothing.. and be happy to have a ubi and a pod house since they plan to make everyone lose everything first to make us beg for assistance. Using famine war. Disease and disasters

[@lance8080]

Need more robots🤖

[@rjbarton2010]

CHINA AND THEIR PEOPLE BELIEVE THEY ARE SUPERIOR TO THE WEST. THEY DONT CARE

[@milesb4231]

LOL. A Chinese person with a $4 Million USD home in China is not middle class.

[@toolwithintention]

4 million yuan is 550,000 That is middle class as the divided states can get 30 million yuan is 4.1 million, that would be upper class

[@thethomaschronicals2024]

Chinese children have 6 people taking care of them : parents & grandparents of each parent. Very different from America

[@ricksanchez7459]

Another way to look at it is each working young adult is caring for 6 elderly family members. The same is happening in the us, but not as far along yet. Let's hope they are on good terms with their children.

[@GeepeBrow]

If you held luxury banquet in hotel, invite 1 person from each country in the world. And see which country will eat most of it 😂😂😂

[@AA13494]

well if that person is vegan or veg he might not eat less despite coming from a poor or middle income country. flawed way of judging

[@RT-qd8yl]

@@AA13494 When's the last time you saw a vegan in China

[@edomerry]

Cino

[@MSDGroup-ez6zk]

@@RT-qd8yl Asia held 50% of the USD reserve based on the Peterson institute study made in Dec 2023. China held USD 3.2 Trillion of that USD 5 Trillion USD reserve with only USD 800 billion was on US bonds. Japan came 2nd with USD 1.2 T and all of them ob US bonds. China is moving toward USD cash instead of US bonds. According to the IMF total USD reserve is USD 12 Trillion. On that study, Euro only held USD 1 Trillion. Middle East USD 800 billion, Latin America held only USD 600 billion and Africa only USD 85 billion. What the Peterson worried about was if the Asia tuned 25% of USD reserve into Yuan or Euro, the USA collapse overnight.

[@junkscience6397]

@@MSDGroup-ez6zk "US dollar reserve"? What nonsense are you talking about? LOL

[@BeachGuyDave]

Unfortunately , we have put too much faith in governments

[@cincarevic]

Especially the ones that are controlled and corrupted by the Luciferian Cabal or other secret societies.

[@MitchDonovan]

I Trust them to do whatever serves themselves the most while screwing the average person over time and time again - and I am never disappointed

[@geraldcroft9020]

The Chinese are slaves to the government working hard producing, and being ripped off by the government so the government can try to dominate the world

[@markdowse3572]

The CCP is not a "government". It's an authoritarian regime.

[@robertgrey6101]

@BeachGuyDave Especially the CCP run by a pig farmer.

[@Sophie-cw7bf]

That poor lady man all countries are going under prepare yourselves guys 😢😢😢

[@GoodyGoody534]

They have been sold the Chinese dream

[@TheKitten71]

Is that why they are scamming us?

[@jozefien.n]

It doesn't sound these people are properly financially educated. Never put all your eggs into one basket. Buying just one stock or only investing in real estate is not smart. And it looks like most of them fell into the consumerism trap. Earn more, bigger car, bigger flat. No wonder it's falling to pieces.

[@jacqueslee2592]

This is why US and Europe also collapsed a long time ago. China copied them.

[@Xjaje]

Not even diversify your investment guarantee safety. In a very bad economic situation, every investments can go down.

[@kenosabi]

Boohoo I can't buy clothes every month or a new car. You already shouldn't be doing those things as it's a massive waste of money. Welcome to reality.

[@lance8080]

Yea get a job in the rice fields 🇨🇳

[@FullMoonKitty]

they are really superficial people that think "what the complete stranger will think of me" everyone need to be jealous of how successful i am" then they cry when reality is smacking them in the face

[@reedre6177]

Yeah sounds like an average Americans life lol

[@ju_p9011]

tbh everyone in the world does this especially in today's luxury driven 'let's impress others' world, but you are right

[@rawlowgames9640]

Hard to feel sorry for the person who got shafted when they got involved in insider trading

[@PsyrenXY]

Especially since she put ALL her money into that one stock. Girl are you for real

[@a7x8f3]

@@PsyrenXY Yeah but you can't beleive all the bs they post on social media. Who know's if what that girl is saying is really true.

[@THE16THPHANTOM]

if that guy who sold his house to keep the money for other things thinks he can just leave the country(with his money), then he is in for a nasty surprise. i guess he said all of what he said before the government instructed banks to put in that 5k daily withdraw limit.

[@_Sizzin]

This video reminds me of something I once heard from a financial advisor that I follow, that people that earn a bit more than the average population ends up thinking they're rich and starts to act like one, buying expensive cars and clothes, living in expensive houses... They have a life standard that they can barely hold on to and the moment they stumble, the whole thing comes crashing down.

[@dnbjedi]

Capitalism is falling apart.

[@BillySampson681]

Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them

[@CarlosGarcia56590]

Exactly! My grandparents were so frugal but they had a TON of money on both sides. I remember my grandfather telling me "you want to make money while you sleep." And I guess that attitude passed down to my dad (RIP), because I remember going to his house one day and I had bought something I really liked, so I wanted to show it to him. So I said "Look at this! Isn't it cute? It was on sale...I saved 50%!" My dad replied "Well, if you're spending, you're not saving." Obviously I had no retort, and that has always stuck with me.

[@StaffSpecial]

Saving and investing wisely while prioritizing necessities and a few small luxuries in relation to one's total assets is a great approach. It helps ensure financial stability and I my for the enjoyment of life's little pleasures without compromising long-term financial goals. It's all about finding a balance that works for you!

[@Juanw5ayne]

very true, a huge part of my portfolio growth has come during this bear market. I've been able to scale from $180K to $572K in a short period of time.

[@CharlotteAdam360]

How do you do that? I'm interested

[@Juanw5ayne]

Thanks to my co-worker (Alex) who suggested Ms Brenda Leigh Van.

[@content_watcher_only]

I heard they dont really own their property coz gov owned them

[@williamhanley998]

The world economy is in shambles

[@KO-dz2zj]

Similar things are happening in Canada, people are loosing their homes because they can't afford to pay the interest rates.

[@greaterbayareahero1401]

There is no way a house can depreciate by $8M if they are in the middle class. A property price is $10M at most for the middle class. Then they say a property is $7M. Think about it!

[@aphiwemagaya3279]

Why would you invest all your money into one portfolio? She was foolish.

[@RamzaBehoulve]

They took a bet with mortgage, a calculated risk. They lost that bet. There is no empathy or pity to show here beyond agreeing it sucks for them. Yes, they will be in tears and scream, but it was their decision to take the bet in the first place. I lost 10k in 5 minutes once in forex. I screamed, I was angry, extremely pissed off, but an hour later I remembered who it was that clicked the trade.

[@anomalythinking]

Never buy stocks on a personal tip, never take payments via yellow post-it notes either, don't buy Chinese stocks, don't buy Chinese real estate, don't put your money in the kitchen disposal machine. All these have the same end result = LOSS

[@user-td3hc6zc8k]

These people are rich and crying

[@lambo8778]

These are punters, not middle class. Don’t feel sorry for them.

[@Chris-oz9qx]

Losing 8 million in 2 years???? Ooooofffff. Still, it doesn't look like hes starving. Many in China are

[@MCLottotv]

Stock Trading is worse than lottery playing!

[@FirstLastOne]

I don't feel sorry for those that came from poverty only to rub their horrible manners into everyone's face with their new found money. I call it Karma.

[@PrisonPlanett]

That's what you get for buying into the illusion of prices

[@dev4statingx90]

The fact that everyone is bearish on chinese stocks means now is the time to buy.

[@deano_bites]

You can work 7 days week and 15 hours a day out there and still won't be able to afford rent

[@FiringSquad81]

Who declined to supervise construction of the buildings that turned out to be crap? Fraud in construction is well known, you have to follow them around with a list to ensure they are not cutting corners.

[@jamesrawlins735]

You have to realize for China, the appearance of growth meant that the government pressured new construction to go up as much and as fast as possible. As long as developers were building, the govt. didn't really care about whether it was quality construction. Of course, that's also how you end up with "ghost cities" all over China and falling down condos anywhere and everywhere - and what happened in 2008 in the US about to repeat - but at a much higher magnitude in China.

[@brushcrawler8612]

All those 6 day work weeks down the drain 😂

[@wolverine89893]

If China's people were allowed to live anywhere. I would live in the Philippines. Cost of living in low so your money goes a long way especially wealthy amenities. But obviously they would not let any of there people see that or they would flee ASAP.

[@bjlover1615]

when many people cry over assets down fall, its time to buy cheap assets..

[@user-jv7wn8ro7w]

This is an entire level of gambling! I can't take this type of risk! Yes, it's good if it pays off. My concern is if it doesn't?!

[@Waverlyduli]

Just to correct a repeated error (appartment/ house) most Chinese don't own houses in cities, they live in apartments. Houses are very rare in China. Homes in buildings are called apartments or units.

[@SantiagoVeraLoor]

The problem with the world is that most people over spend with credit cards and live far above their needs. There are 4 people all living in 1 house and all 1 family, it's crazy and people don't know how to invest just spend spend spend

[@stephaniebailey4236]

People need to stop being racist, and work together.😏 The power is in the people.

[@CelticCarla62]

Happening in the west also.

[@luyi3086]

And in the so called developed countries, does exist the real middle class?

[@vikas-sw3wr]

all of them needs to unite and take over their lands back especially nature and country side

[@barefoot6033]

30million yuan is 4 million usd. dudes a multi millionaire . the cream of the crop in his country . do you really want me to sympathize with him ?

[@ShandaP018]

Was looking for this comment before I googled it. It doesn't even feel smart to invest that much in real estate in China. He would have been better of in the US even with all the nonsense here.

[@raulepure9840]

Except that he did not have the money just the debt for an overvalued asset, but indeed that is not middle class for China. A rich guy who invested in a half scam.

[@MSDGroup-ez6zk]

@@raulepure9840 Asia held 50% of the USD reserve based on the Peterson institute study made in Dec 2023. China held USD 3.2 Trillion of that USD 5 Trillion USD reserve with only USD 800 billion was on US bonds. Japan came 2nd with USD 1.2 T and all of them ob US bonds. China is moving toward USD cash instead of US bonds. According to the IMF total USD reserve is USD 12 Trillion. On that study, Euro only held USD 1 Trillion. Middle East USD 800 billion, Latin America held only USD 600 billion and Africa only USD 85 billion. What the Peterson worried about was if the Asia tuned 25% of USD reserve into Yuan or Euro, the USA collapse overnight.

[@raulepure9840]

@@MSDGroup-ez6zk What this have to do with my comment? So you are just a CCP keyboard warrior!

[@MSDGroup-ez6zk]

@@raulepure9840 China back to poverty? LOL if China and its Allies in Asia dropped the USD by 25%, the USA would go bankrupt.

[@CycleAlong]

This was hilarious, especially the part where she lost a down payment. These stock bros are something else. 😂

[@Paccekabuddha]

Good!

[@lindajones5172]

The investment from the Chinese families you speak about investing in reality has led to the housing market overturned and middle-class people in Arizona not being able to afford homes because the average investor is someone from China looking to invest and make money but it causes average Americans to not be able to afford rent or homes

[@DrMatey215]

Sad market conditions.

[@yunisblu3412]

Love the First Lady on the roof. 😂😂😂😂

[@dnnmon99]

"Without considering the alternative outcome as the apartment price goes down" Thats the statement they are facing.

[@fourthprince1099]

Unfortunately, a lot of chinas system depends on money before you even get the product. Also the start up is always restaurants. It’s all debt

[@babyjeero123]

This is why chinese people come to Vancouver to buy all the properties

[@arleneparris3446]

THE reason why Houses/Condos/Rents are so expensive in this country? Buy multiple properties and sell them 3x the market value, I noticed around the mid 90's, the wealthy was coming here buying up Vancouver, Foreign interests own properties, a loophole in the law must change...

[@babyjeero123]

Yeah I mean they do say foreign buyers are a small part of the problem. Like there is currently a foreign buyers ban in place from 2023-2027 but prices are not dropping

[@david888a]

@@arleneparris3446in the 90s, that was Hong Kong Chinese due to China taking over HK hence an influx of HK Chinese going to Canada n Australia buying up houses causing a huge increase in prices impacting the locals

[@arleneparris3446]

@@david888a Influx has tripled since Covid...

[@MSDGroup-ez6zk]

@@arleneparris3446 Asia held 50% of the USD reserve based on the Peterson institute study made in Dec 2023. China held USD 3.2 Trillion of that USD 5 Trillion USD reserve with only USD 800 billion was on US bonds. Japan came 2nd with USD 1.2 T and all of them ob US bonds. China is moving toward USD cash instead of US bonds. According to the IMF total USD reserve is USD 12 Trillion. On that study, Euro only held USD 1 Trillion. Middle East USD 800 billion, Latin America held only USD 600 billion and Africa only USD 85 billion. What the Peterson worried about was if the Asia tuned 25% of USD reserve into Yuan or Euro, the USA collapse overnight.

[@ryany8709]

What makes them think prices will only go up?

[@MonicaLopez-ze3dd]

😢the CCP needs to go

[@null1808]

1M Yuan = 138k USD. If your telling me these people have assets that are in the tens of millions of Yuans; they are fine. They can easily buy whatever they want, they are rich not middle class, wtf.

[@kitsinu1]

Chinese : 0 Chinese Communist Party Bandits : 10,012

[@wynnyoder5605]

What a load of crap.

[@parkerbohnn]

At the peak home prices got to 86 times income.

[@jc2721]

Dont feel bad, People in america cry about anything when they have no idea how the rest of the world works.

[@keithkimsten5111]

Comming to America soon...

[@DanielDeBenoit]

An oppressive Communist regime with hegemony ambitions sucks.

[@lilacblue8006]

Canada SOON

[@deano_bites]

and UK

[@windatar6351]

I bet its also their diet as well, with zero health inspections I bet the amount of poisons and chemicals in their food is also probably hurting students with exhaustion.

[@shawnbell3468]

Who would invest in China's real estate market?? At best the middle class should band together and short the housing market, their government can't make them all disappear. ...but their "friend" gave them some "inside information" and was a "sure win" and after meeting them in a bank they were such a good friend for 6 months.

[@michaelyork4554]

Systematic, Formulaic existence only works, if the system which supports it remains systematic, and formulaic. When greed disrupts the system at a high level, it can ripple through systems, and cause imbalances which, are unable to be accounted for, and become unimageable, and become monetarily fatal. The greed of the few outweighs the needs of the many.

[@arleneparris3446]

Can I use Japan & Singapore as references?

[@KaKA-mt2ei]

These people get visas so easily, look at them running to the states, stay where u are!

[@vanesatenorio609]

Coming to America

[@LoskiThe1st]

One word..........BITCOIN!

[@Clluthu]

lol how come no one commenting on the opening seconds of the guys riding a motorised pallet.....