How Bad is China's Housing Economy REALLY??? || 中国的住房经济

You've heard on the news about China's housing economy and how "bad" its doing.
So in this video we explore the truth. I'm in thenprocess of buying an apartment in China so I thought what better way to talk about the housing economy than to take you guys with me.
Enjoy the video.
#china #economy #realestate
🎵🎵🎵
Music track: In Your Eyes by walen
Source: freetouse.com/...
Copyright Free Background Music

[@cheungchingtong]

Lower housing prices are only bad for investors, good for people who really need/want to buy houses for themselves or their kids.

[@omegabulldog5001]

"Investors"? Not even close. They should be labelled as either speculators, gamblers or leeches.

[@JonathanHerz]

The people who own the media hate lower housing prices

[@Andy-P]

Agreed. The average Chinese had little faith in the rigged stock market so investing in property was a new brainer considering everyone thought prices would go up for ever. Rental yields viewed as a bonus as the yields were super low like 0 03%. Now the market has crashed the average Chinese nest egg could be less than what they paid for it depending on when they brought the property and the loan. This will be painful for the middle class

[@cheungchingtong]

​@@Andy-P Got your point, but to be clear, average Chinese families including most middle class ones, they don't get to own more than one house per head, meaning, their actions on buying houses are urgent and necessary needs, only very few middle class got the chance and money to have those investments, mostly do so are the millionaires and billionaires. And if one buying a house only for living in it as being scheduled, then relative short period of time of price dropping isn't gonna be painful for them, since one should probably not going to sell it for the next one or two decades.

[@Andy-P]

@@cheungchingtong You make a good point here. If it is your only property then the fall is mostly relative as you won't sell unless to buy another. China has a high rate of multiple home ownership, with more than 20% of urban households owning multiple homes. This is much higher than many developed nations. So a influential few will be losing out.

[@szehockchao8641]

Congratulations for buying a house in China and giving a balance view of China housing market. I guess your choice will be between House 5 or House 6. I think House 6 will be a better choice . Good luck and wish you all the best.

[@user-rv5ti9hw9l]

exept your not buying a house in CCP China. Your children will be poor again when China takes back it's property.

[@dennyliu7494]

Congratulations from Hong Kong.

[@leecheong4986]

The world all over used the growth in housing as part of GDP growth but not China. The concern that China has is to make sure everyone can afford a property. Properties in the west have grown out of reach for the average population. In Singapore, this is also true. Earnings are just not catching up. China has done very well on this and this should be the way government should manage the property market. Its a roof over the head and therefore critical. The prices in China has dropped much in the past 3 years. This is to weed out the greedy and unscrupulous developers and those greedy investors that is not buying for their own stay. The clean up process is almost complete. When the price fall stop in China, the rest of the world will topple. Its coming. In China, perhaps it's time to buy especially for own stay. Congrats.

[@chongyeeyap9586]

In Australia, you will never get even 10% of what you have shown. This is most surprising, and I congratulate the Government that has managed to make house ownership affordable. President Xi is absolutely correct, House is for living in and not for speculation !

[@Andy-P]

What about families who have bought their first property that hasn't been completed because the builder cannot afford to finish it. Are they greedy speculators?

[@jayting3310]

Congratulations from Singapore

[@louiserobinson9776]

It’s amazing how here in the UK people complain about inflation but want property prices to go up! 🤷🏻‍♀️President Xi is spot on - houses are for living in, not speculating!

[@user-rv5ti9hw9l]

In China houses are for CCP only speculating lol CCP takes your money and in 50 years it will take it again lol

[@aungaisum8654]

Economy slow down actually is good for China. Not to get overheated. The GDP growth rate now already good enough for China. Their economy already in innovation era which they are leading in many technology fronts.

[@jorgekumagai2672]

The economy slow down is necessary for not falling into the same trap experienced by Japan with its asset price bubble burst, which caused a stagnation of its economy for decades.

[@Linvingstone-x3b]

So in communist China it is possible for a person, even a foreigner, to buy a house ?

[@justme6275]

better than every economy 👍

[@seafood_hater]

The Chinese govt voluntarily popping the housing economy sooner than later is the only right move.

[@Andy-P]

​@@jorgekumagai2672Agreed. It is necessary but to early to say if they will avoid the Japanese experience.

[@mglee1431]

Congrats! Me too from Singapore.

[@hms2255]

Good for you, Lizzy. Good for you!

[@shanghai_CityVIVO]

Congrats from India .. 👍🇨🇳

[@davidchung4691]

Wish you good luck and smooth going in getting your nice house!

[@user-rv5ti9hw9l]

It's not her house. She wont be able to give it to her poor children.

[@youtubetebie7799]

恭喜Lizzy🎉

[@anthonymathews3872]

One million RMB = about £110,000.oo. You could not buy a garden shed for that in London.

[@MrMingsyin]

With that money in Boston, you could buy a 10 sq meters (100 sq ft) half-bath.

[@yongyang-v9w]

不能这么比较，100万在北京也买不起一间花园小屋

[@anthonymathews3872]

@@yongyang-v9w I could have chosen Manchester or Birmingham, it would not make any difference.

[@user-rv5ti9hw9l]

You can buy nothing in China. Only hire it from state and after 50 years good state takes it all back. In Uk when you really buy property it will be forever in the family. Your Children will be poor and start with nothing.

[@danpan001]

​@@anthonymathews3872One thing people don't know your property right expires because the government takes back the ownership of the land the structure is built upon.

[@soonhockchua3740]

$140,000 for a nice apartment, house 3 with carpark lot, in the beautiful city of Kunming, not much downside risk.

[@user-rv5ti9hw9l]

But you forget to mention the fact that you have to give it back to the state after 50 years. So your children have to start with nothing.

[@Andy-P]

Prices to falling..... of course there is risk.

[@michaelacton6246]

​@user-rv5ti9hw9l 50. I thought it was 40. Either way horrible investment

[@davidt02]

@@user-rv5ti9hw9l What's wrong with each generation buying their own if the prices are always affordable? That's the ultimate freedom, right?

[@user-rv5ti9hw9l]

@@davidt02 Don't call it buying when it's renting. Obviously nothing wrong with affordable. How affordable is it in Beijing? What's wrong with having the human right owning a piece of land that's forever in your family because you paid for it?

[@RetireearlyNYC]

Good luck and congrats Lizzy!!

[@3d4fun96]

It is right time to buy house in China. Congratulations from Toronto.

[@fuhsulu5651]

Congrats! You grabbed the very good chance!

[@ArsenalFCRules]

Very helpful. Knowing foreigners can actually buy properties in China.

[@user-rv5ti9hw9l]

Nobody can buy property in China. Her Children will be poor and have to pay rent all again. Nice way to keep poor people poor to fill their cheat industry.

[@brettgornall8005]

Know its a lease and it depends how long the body corporate lease has left It's not ownership and who knows how it was made given it's China and the shortcuts taken

[@tc-red9000]

@@brettgornall8005 "given it is China"...so much stereotype in that statement, so i guess all property owners in China have to worry sick.

[@RoseBalerus]

China's real estate market is gradually stabilizing after the Evergrande crisis, with sales and prices rebounding, but the recovery remains fragile and uneven, hindered by lingering debt issues, oversupply, and regulatory uncertainties.

[@JasonAmir-qo4uo]

I think the government's measures to stabilize the market are working. Sales are picking up, and prices are rising again

[@SeanJohns-ze8ie]

But don't forget about the oversupply issue. Many cities still have high vacancy rates, which will take time to absorb.

[@RoseBalerus]

The government's ambitious urbanization plans and massive infrastructure investments will likely boost housing demand, particularly in tier-two and tier-three cities, as millions of rural residents migrate to urban centers for better job prospects and living standards.

[@GibsonJames-gr3on]

I'm concerned about the debt levels of many developers. Another Evergrande-like collapse could happen

[@ThomasColt]

Regulatory crackdown has stabilized prices and curbed speculation, but reduced liquidity and limited market access; finding a balance between control and flexibility is crucial to maintain a healthy and dynamic real estate market.

[@lisangaishantam]

Congratulations from Hong Kong ! I like House 2 ♡

[@JohnnysCafe_]

Good for you Lizzy and I hope your new home is filled with happiness

[@lizzyinchina]

Thank you so much! Appreciate you

[@MetaView7]

China is so modern, so clean, so beautiful.

[@maniaouri2146]

Congrats LIzzy... wish you enjoy your new house always in good health and wealth .... i

[@dianasaigoldenage]

Congratulations Lizzy! Best wishes from Canada

[@parttimethinker7611]

Good for you Lizzy. Buy low sell high. Cash is King.

[@RM-qw3xz]

When you buy and sell at a higher price, won't you just end up driving up the prices for future buyers? In Canada, the government is cracking down on foreign investors in Canadian real estate because they're just adding to the problem of driving up prices of homes that many Canadians can no longer afford to buy homes.

[@Andy-P]

Canadian homes for Canadians. Good policy!

[@linus631]

Thank you for sharing Lizzy! Hope you get 100k Subs soon! 😊❤

[@kamilatusovamisezivot8326]

Very well captured and honestly shared pros and cons. Thank you for great video, Lizzy 👍 I live in Shanghai more than 5 years and I can just echo what Lizzy describes. Recently I was searching for new rental property and the cost is stable and super high in well maintained compounds and houses. I’m gonna pay 4200USD monthly rent in 200m2 apartment with small terrace. And it’s not in Shanghai downtown, it’s an outskirt but very nice area. However, the occupancy rate is almost 100%, very few apartments are available and usually rented really fast.

[@justme6275]

look forward to your housewarming party 🥳✨🍾🥰🎉🥂

[@johntse8655]

I completely agree with you, in fact, I am starting to go in there to start a business and to buy my own private and commercial properties before the coming recovery, I have already visited southern China and next week I will be in middle China around looking around. the price now compared to where I am now literally dirt cheap. since I am using a business visa, no problem staying until the price goes up. if the business boom, I win, if the property price goes up, I win, if one up and one down, I still win. just a matter of time. meanwhile just enjoy my stay.

[@Andy-P]

There is reason it is dirt cheap What changes will happen to change the situation and get confidence back?

[@legendbe2023]

It's called catching a falling knife😂

[@leeleng1458]

Congrats!

[@MichelleTopham]

Just discovered your channel, and am now going through watching every video :) I've never been to China, but did live for 14 years in Thailand, and plan on moving back to Asia eventually, possibly China, so the information you give is very helpful. Really enjoy your personality too -- really friendly and sweet. Thanks for all the videos :)

[@harriperkio5773]

good video as usual thx, could you pls make part two and find out which kind of properties foreigners can actually buy - single family house, flat, row house etc..

[@DorJinTan]

Lucky u, Lizzy! And lucky Chinese ppl! They're bloody affordable!

[@user-uh1eh9kt4d]

Congratulations!

[@NCM-xy8ow]

Good deals can be had these days. Congrats.

[@User-nw37]

Wow, congratulations!

[@indraallian6371]

My guess is You bought apartment #3 And in my mind you cant call an apartment a house. A house is a whole building not a part of a building. I really liked the apartments especially #6 but as you said it was prepped to look extra nice. Great video! 😎

[@banshong3997]

Congratulations Lizzie for a great achievement ❤❤❤ you're making a great decision. Why, because it's the right time to buy as China works to squeeze out the excesses in the housing market. Good job 👍👍👍💪💪💪👍🌺🌺🌺

[@ulisirius9027]

Great video! 👌☺️🤗

[@avil8686]

👍👍

[@meimiaolin2581]

Well done Lizzy! I'm guessing it's house number 5.

[@picandvideo]

Liz, buy the last one. 😊

[@BeelP.]

Best of wishes for your successful house hunting expedition. These look like such livable apartments. ❤❤

[@moonol]

congratulations！🎉🎉🎉

[@seifseifmohamed7118]

I wish you well, If your pocket is heavy go to no,6 but also no,5 is still ok but is high sky scrapper

[@lautoumark]

Congratulations

[@user-ne8yi1io4h]

Don't buy on a high floor...lifts get awfully packed and lift etiquette is poor. And during a lockdown or electrical failure one could be inconvenienced.

[@katefarmer1487]

yes, don't buy, don't buy, the lift often has power failure...

[@yeungtsang8761]

❤❤❤❤❤❤❤❤❤❤❤❤❤❤Many congrats.....

[@kamwaichan8048]

The best time to buy is when the housing market crashed, even better if you have the cash. Property is a long term investment if people are not greedy, think of it as a roof over your head, shelter, giving a chance to have a family growing up together 👏👏👍👍👍

[@peggyguest5812]

Very nice and congratulations from Thailand ❤🙏

[@JayLieu]

Congrats 👏

[@humblehouse]

In a way, you are describing a rather heathy property market - the good ones (in terms of location, construction quality etc) maintain their values regardless of the overall market, are snapped up quickly when put on sale and most importantly, the locals are still wealthy enough or sufficiently employed to be driving the demand. To me, a sure sign of a bad economy and property market is when even good properties are unsold for long periods (even after several rounds of price reductions).

[@tc-red9000]

the % of personal saving is really high in China...if you gear up and own multiple mortgages, that's your own problem, the ever go up property myth in China is no longer there, may be except for Shanghai

[@billycheung8836]

Good luck for your house hunting Lizzy. I guess you like house 6. Do keep us posted ❤

[@jeffreylee6492]

I would choose House 3 with the car port for $1 million..... if you don't have a car yet just rent it out and it will help pay a portion of your mortgage. Parking spots are so expensive and to have it included in that price ...pretty good deal

[@user-ey6ce3tb2j]

congratulations !!!

[@PS-383]

Condo #3? Congratulations!

[@chankay7801]

I like #2 house

[@firstlast-pt5pp]

as an investment - buy a new development unit in a new area that's also building a nice school and mall - the price will likely be 2x within 10 years

[@user-er8sr1pc4i]

Great advice on the foreigners' advice on buying China property. Is your property in Kumming city center or subway station? Ask Lizzy from Singapore

[@jamesteo9206]

Congratulations.

[@glowingnut]

For current downwarding real estate market, I personally think you should wait for a moment till it is stabilized and save another 100k or even more. Community management is also important and save you a lot of trouble.

[@tc-red9000]

mgmt company is very important....as property maintenance isn't a thing 10 yrs ago and building deteriorate extremely fast in China, hence the value goes down.

[@kirbyhuang5609]

加油💪

[@stephenc6955]

Very informative 👍

[@peterzou6961]

China's balance sheet problem is not costed by business cycle but by the rampant widening gap between the rich and poor. China's M2 total has been more than the total of US and Europe combined and China's total bank deposit is now 304 trillions RMB.which is much more the US . Europe and Japan combined. This huge amount of Chinese money prefer to stay on saving accounts to get tiny interest income rather than investing, the owners take Morgage of this cheap RMB to exchange for US dollars to earn higher interest rate, If the Chinese government give money to all citizens indiscriminately, that will have very little effect on stimulating consumption or encouraging invests, it is almost like a drop of water in the big fire. The money given out will soon be taken over the rich people and converted to US dollars, that is to benefit the US economy, not the Chinese economy. The only way China should take is let central government issue long-term national debt to replace their local government debts, thus to untie their consumption power gradually.

[@yenphung8809]

Congrats Lizzy🎉

[@andrewlin6136]

Congrats Lizzie

[@Flyingaceful]

I like the apartment number 6. Two and three are nice as well.

[@MegaRc888]

The property tax in China is very minimum, compared to the US where we have to pay about 2% of the value of the house every year, a rip off.

[@tc-red9000]

wow...2% per year

[@ahkoy973]

Good time to buy and good for the average chinese buyer 👍👍

[@SChan76]

Congratulations @lizzy 🎉 The one next to the hospital seems like a good investment. Ideal for doctors and nurses after a hard day at work.

[@tc-red9000]

in China, hospital nearby is a +ve.

[@chrisyong8719]

Congrats Lizzy.

[@林北就是唱秋]

Good decision 🎉🎉🎉🎉🎉🎉

[@hclau218]

House No.6 would be the best choice. 1. The layout is better, without the claustrophobic feel of a small apt. 2. It is a bit bigger at 900 sqM. 3. The location will mean it will appreciate more than the others. Live well here and get more capital gain when you sell.

[@shiwang8989]

Back in 2016 wanted to buy a condo in Zhuhai and was told NOT for foreigners only oversea Chinese in HK/TW. Couldn't believe now foreigners can purchase one now. Guess property market is really slow in China.

[@cnbigonion]

Like it or not, real estate industry has played a big part in improving the living condition of Chinese people in the past decades

[@seanxie3261]

I own a condo in Shanghai. My renter for 10 years decided to leave in July. I was afraid that I might have to lower the rent. Interestingly, the place was rented out in two weeks, with pretty much the same rent. I guess real estate is always, location, location, location.

[@海武-e4v]

❤️✌️

[@LaVidaenChina]

Hello Lizzy, great info for an expat.. I have been living in China for about 10 years and yeah prob I will stick with rent for now, but congratulations! if you are thinking about it.. I am sure there are many things to consider. Where do you live in China btw, if nearby Shanghai I would love to make a video with you!, so you fully explained us all of it. Cheers from shanghai ! )

[@yingxuk]

I am paying 2600 RMB rent for a 120 square meter apartment in a 5 year old building in the capital of a province in China. That's roughly 350 EUR monthly. It would take 35 years to pay off the 1 million RMB you mentioned. Less than 20 years is a good financial decision, but 35 years makes no sense. Because nobody knows how the situation is going to be over 30 years later. If you take 1 million RMB and buy the ETF "Invesco FTSE Emerging Markets High Dividend", then you earn annually around 60,000 RMB in dividends. That's enough to rent such 80 square meter apartment.

[@ginomiguel4809]

Thats very interesting

[@fungfung4229]

i love house 2 and 6😁

[@iwantijono9067]

I wish I had one

[@richardliu7499]

Good on you lady!!!!

[@pochunyuen443]

😑🤩🤩🤩

[@jasonni8537]

这是那儿地点？现时整个房市行情下这些价格太高了.不值得入手..

[@johnwang9923]

Oh wow! Good for you, smart little girl. This a good time to buy. Nobody has a crystal mirror that can tell if this the bottom but we can be sure this is part of the valley. Go girl! By the way I am 78 so I can call you a little girl! 😀😀

[@legendbe2023]

Over supply and will be worse as population ages further. No investment value in most areas.

[@lsy6318]

Congratulations .. 😊 👌❗

[@kcfmark]

Good Lord Lizzy. The houses are much better than my place. Much cheaper and fully renovated plus all those perks.

[@richarddwann773]

恭喜恭喜！:D

[@BeijingTraveling]

Congratulations from Bejing！

[@buymecola1]

I don't call that a house. It's a box like prison cell, with poor ventilation. I like the exposed sewer lines in cell #4.

[@josephdewuhan]

1.1 million is a better one. If the public transport is good there, no parking is not a big problem. In western countries, no parking would be really problematic.

[@syedalishanzaidi1]

Please do a video on housing out in the countryside, with a bit of ground attached to it. Also how about a small house with a farm attached to it?

[@shermanng27]

if you buy housing in shamzhen, Guangzhou, shanghai, or beijing，it will be much higher price than in kunming.

[@shermanng27]

anyway, you make a good decision.

[@Gamerzombiepro1]

or Sweden!

[@rohand03]

How China managed to keep property prices affordable given that there are 1.2 billions people demanding a home is incredible. Places like Australia, Canada, England which have a lot less population can't seem to be able to provide affordable housing for their people.

[@hans7166]

The prices of houses are unlikely to go up. It might be not good to buy one for investment. But if you want to live in China for many years and have sufficient money, you can consider to buy one.

[@tc-red9000]

the Area/city Lizz living in isn't so called tier one city, so 1m is quite reasonable in that city. in Shanghai, probably3-5m RMB depending on the area. i will def going for bigger size and bigger living room...take your time Liz and find the one you really like.

[@tonysofla]

As property tax (or you can call it municipal services) for 75years is included, as you don't pay 2% annually like in USA, calculate what that would cost you on a $150k condo. Plus in China association is only $60/month, while in U.S it will be $400 to $1000 a month

[@timoh2836]

6 looks nice

[@peterbanh1364]

House 3 is the best with a parking spot which is important.