Evergrande Officially Defaulted. Put your seatbelts on bois!
(media.greatawakening.win)
BREAKING NEWS
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So are houses about to get cheaper or more expensive?
Hard to tell since there is a lot of institutional ownership and real estate is being used as a hedge against inflation, but I think with moratoriums ending and a depression looming it will likely go down in price. Especially if china or blackrock need capiral/liquidity/have trouble with margins.
States with governors favored by the CCP have pension funds heavily invested in Chinese stocks; California for certain. overpaid retirees may have bad news..