[TigerLikesRooster]

Ping!~

[this_ol_patriot]

Hey look, we’re cool, we got a mortgage problem too.

[Moonman62]

"The quality of housing loans are much worse than the subprime loans in the United States," Yi was quoted as saying by the South China Morning Post.

How long before this guy is executed?

[Moonman62]

Fearing a dangerous bubble could be forming, authorities have tried several measures to try to cool the market, including interest rate rises, rules to curb foreign investment in property, and steps to encourage construction of cheaper homes.

They would be better off letting the logistics curve take over, or they could require lenders to do credit checks as was mentioned.

[cmdjing]

There actually is no real estate bubble forming in China. Specifically, there are real estate bubbles forming in specific regional sectors, e.g. Shanghai, but not on the national level. More specifically, the mortgage issue in China is not much of an issue at all. Almost all U.S. homeowners borrow money to buy their homes. In contrast, the majority of Chinese homeowners do not even have a mortgage as over half of homes are bought with household savings, so no debt.

[RightWhale]

Mao ripped out the property corners. Have they been replaced? If not, the country is either still communist or an emerging third world country and a real estate market collapse would have no effect at all.