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Current Events > Property tycoons lose $65 billion after China curbs excesses

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Shablagoo
06/12/22 4:33:11 PM
#1:


-Top real estate bosses have taken a hit in fortune since 2020

-Common prosperity goal marks end of an era for property wealth

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https://www.bloomberg.com/news/articles/2022-06-06/property-tycoons-lose-65-billion-after-china-curbs-excesses

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ToadallyAwesome
06/12/22 4:59:14 PM
#2:


Interesting that China of all countries did this. Makes me wonder what the angle is

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gunplagirl
06/12/22 5:00:52 PM
#3:


Good, homes should not be something used by the wealthy to become even more wealthy while preventing everyday citizens from hoping to own one.

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wackyteen
06/12/22 5:01:36 PM
#4:


ToadallyAwesome posted...
Interesting that China of all countries did this. Makes me wonder what the angle is
While nobody can really withstand insane housing prices for long, I feel like a housing crisis in China is asking for insane trouble

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Alucard188
06/12/22 5:02:15 PM
#5:


Prices have gone up in NA exponentially in the last couple of years. I wonder how much of it is from foreign investors buying up local properties.

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TrowaBarton7
06/13/22 4:54:15 AM
#6:


Alucard188 posted...
Prices have gone up in NA exponentially in the last couple of years. I wonder how much of it is from foreign investors buying up local properties.

There are also investment firms and corporations like Blackrock buying up properties.

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