GET YOUR FREE STOCK WORTH UP TO $1000 ON PUBLIC & READ MY THOUGHTS ON THE MARKET – USE CODE GRAHAM: http://www.public.com/graham
Trade Bitcoin, Doge, and other crypto with low fees on FTX. Use my referral code GRAHAM and get up to $100 FOR FREE: https://ftx.us/partners/graham
GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF – $100 OFF WITH CODE 100OFF
Throughout the last few years, China experienced what many would call a “real estate housing boom bubble,” as citizens preferred to invest their money in housing as a safety net, causing the real estate market to increase double-digits year over year. But, there was a problem:
It’s alleged that some of the largest developers were taking presale money, funneling them into NEW projects for the purpose of garnering even MORE pre-sale deposits, and running a property Ponzi-scheme by using new funds to slowly complete the construction of past projects.
As more and more properties fell behind on construction, or flat-out abandoned projects due to a lack of funding…buyers have staged a mortgage boycott…where “All homebuyers with outstanding mortgage loans will stop paying, unless construction resumes before Oct. 20.”
The loans have also spilled into their banking system, where customer deposits have been frozen since April. Over 400,000 customers across China have fallen victim to similar “bank-run” activities, and it’s reported that a quarter of the industry’s total assets are held by 4000 smaller lenders…”which often have opaque ownership and governance structures and are more vulnerable to corruption and the sharp economic slowdown.”
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/