Evergrande: Should You Be WORRIED? Impact on Crypto!! (Ep 247)
Coin Bureau
00:00
The Chinese Property Bubble
To say that the chinese property market is in a bubble is an understatement. People are legitimately willing to put down upwards of 100 thousand dollars on the spot just to have the opportunity to buy property two to three years from now. At the peak of the us Property boom, there was 900 billion dollars a year being invested into the property market. Now it's not only the fact that this debt fueld property bubble is systemically dangerous, but it's also leading to massive increases in the cost of living. In an up market area of tian gin, popla, about 15 million apartments cost around 836 dollars per square foot. That is around the same cost as in the most expensive
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