The sector is dangerously overheated – but unlike the 2008 financial crisis, the global ripple effect is likely to be limited, says professor of economics Keyu Jin
one thing from the article: “some major portion of lease holders stopped paying their rents in protest”. The ability to stop paying your mortgage in protest is beyond our imaginations. The cops would rain down on us in a heartbeat
Yeah, seriously. How dare they use houses for shelter and not investment!
one thing from the article: “some major portion of lease holders stopped paying their rents in protest”. The ability to stop paying your mortgage in protest is beyond our imaginations. The cops would rain down on us in a heartbeat
China doesn’t have that many landlords in general, and they reign in the few they do have!