Author Topic: China-"Disgruntled" Homebuyers Refuse To Pay Their Mortgages  (Read 299 times)

Offline JohnyMac

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Has anybody noticed that the whole world is going to Hell in a handbasket?

Ask yourself, "how many Prime Ministers and or Presidents around the world who have resigned or been over thrown of late"? In France, President Emmanuel Macron did win his reelection however, Frances National Assembly went totally Conservative. So in essence, he is a 'lame duck'.

The ones that come immediately to mind are but there are others in 2022, 

Boris Johnson, Great Brittan
Kaja Kallas, Estonia
Mario Draghi, Italy and,
Ranil Wickremesinghe, Sri Lanka.

China's President Xi, has not been seen in public for over 14-days now. Does this mean anything? Who knows.

Then we have the assassination of former Prime Minister Shinzo Abe 10-days ago.

It is obvious that our President O' Biden is loosing support country wide. Who knows what will happen there.

Add to the above, we have Chinese citizens who are refusing to pay their mortgage.

Quote
A rapidly increasing number of disgruntled Chinese homebuyers are refusing to pay mortgages for unfinished construction projects, exacerbating the country?s real estate woes and stoking fears that the crisis will spread to the wider financial system.

Homebuyers have stopped mortgage payments on at least 100 projects in more than 50 cities as of Wednesday, according to researcher China Real Estate Information Corp. That?s up from 58 projects on Tuesday and only 28 on Monday, according to Jefferies Financial Group Inc. analysts including Shujin Chen.
- Bloomberg

How will this new development affect the world?  :popcorn:
« Last Edit: July 18, 2022, 10:27:08 AM by JohnyMac »
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Offline Jackalope

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Re: China-"Disgruntled" Homebuyers Refuse To Pay Their Mortgages
« Reply #1 on: July 18, 2022, 11:44:36 AM »
All the above mixed together might be the impetus to kick off WWIII.  The current regimes are all endangered, and the various populaces are not happy.  Something is needed to take their minds off of their daily misery, and a world war would do that.  There have been various reports that the Chinese natives are getting restless, again a world war would shift their focus.  What better time than now to kick it off, since we have an inept, bumbling, mentally deficient president.  Putin certainly took advantage of our weakened situation.  I'm sure Russian and Chinese military members aren't worried about proper pronouns, or whether pregnant pilots can fit in their flightsuits.