Comment on China growth beats expectations as Trump tariffs loom
Bronzebeard@lemmy.zip 1 day agoAnyone who has purchased a house previously, for living in not just speculation, would be affected. If you took out a loan to buy a home and the value tanks, and you have to move for whatever reason, selling the house might not be enough to pay off the loan. That’s bad for the average person.
RedWizard@hexbear.net 1 day ago
It says new home prices. The construction companies were over building homes and taking on substantial debt. This over building was driven by Chinese citizens seeking second and third homes as a savings asset.
Bronzebeard@lemmy.zip 16 hours ago
New home prices dropping pills down the prices of existing homes … Why buy an old house is you can get a newer house for cheaper?