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The Return of Arthur Hayes, Original Crypto King
Raoul Pal: The Journey Man
Understanding the Chinese Housing Market Dynamics
The Chinese housing market poses a significant challenge due to the common practice of individuals pre-paying the full value of an apartment before its delivery, creating a scenario where developers are left with the liability to complete the units. The lack of access to credit and mismanagement of funds over the years have led to a situation where developers struggle to fulfill their promises, leaving the buyers, who have saved diligently to purchase these unaffordable units, in a precarious position.
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