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The Chinese property bubble has just burst, here’s what you need to know

The David McWilliams Podcast

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What's the Contagion of the Chinese Property Market?

We've seen this before. Except in the european case, in the british case, ind the irish case, the american case, you put down your deposit. Your deposit is usually reasonably modest, riht, three deposit in terms on the price of the house. But believe me, if you're a young irish bier, it's a huge chunk of any potential incomeyou ever had. Interestingly, developers here use exactly the same game, except what they do as they put it in an escro account, but they use that escro account for collateral to banks who geneflec the eskero account and extent, credit. It's

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