Biggest Risk to China's Economy: Home Price Don't Fall

 The United States from 2001 to 2007, the balance of mortgage loans doubled (15 years ago was an increase of 1 times), but this situation did not last long, after the 2008 subprime crisis, the US balance of mortgage loans began to decline, from 2007 dropped more than 10%.

In 2011 the balance of China's personal housing loans was 6.48 trillion yuan, now its nearly 17 trillion, five years increased by nearly three times. Remember in 2015 the stock markets were driven by "leverage cow" it lasted less than a year.

Real estate market liquidity is low, a longer period, but it is difficult to say which one because of credit-fueled housing boom began in what year, if you start in 2010, has gone for five years, but also for how long?

In addition to devaluation, urbanization and other reasons, to support China's housing prices subjective logic inside, there is always an "elegant" slogan, "The government can not let prices fall."

In fact, when the Titanic hit the iceberg, when perhaps you will know how the ocean is vast, large enough to swallow any ship built by humans. In the future, China's biggest economic risk is not falling house prices, but prices that do not fall.
Sina: 中国经济最大风险是房价不跌

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