Official figures show the world’s second largest economy grew by 5.2% in the three months to the end of June, compared to the same time last year. That’s better than the 5.1% forecast by many economists but lower than the previous quarter.
Every fucking time…
RedWizard@hexbear.net 2 days ago
New homes are cheaper? Aw fuck, we’re all going to die! Lower house prices are good for buyers and shouldn’t be an issue so long as you’re not speculating on housing.
Bronzebeard@lemmy.zip 1 day ago
Anyone 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.