going to be an exciting week in china real estate markets another big developer probably missing a bond payment today, evergrande likely to formally hit default at some point this weekhttps://archive.is/qkINL
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also Official report coming out on property prices, believe as much of that as you like ive heard rumors of impending price controls in various cities which strikes me as darkly funny. like usually price controls in real estate are ceilings rather than floors you know
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im trying to imagine a world in which this makes things better. like usually price floors just result in overproduction /if you have a guaranteed buyer/. but here you dont afaik so it seems like this just prevents many sales from happening at all but
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Replying to @SatyreContraire
yeah but that just screws the companies harder maybe? where do they get revenue now
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