Chinese developers have already pre-sold most of these properties with 100% advance payment and now they have run out of money with no new buyers the ponzi scheme falls apart. Two Chinese local banks enter bankruptcy procedures (and so it begins)

by silvertomars And so it begins … via Reuters: BEIJING, Aug 26 (Reuters) – China’s banking and insurance regulator has agreed in principal to allow two rural banks in Liaoning Province to enter bankruptcy proceedings, according to an official statement released …

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If you’re wondering why Zillow is in a rush to dump 93% of its properties, wonder no more.

If you're wondering why Zillow is in a rush to dump 93% of its properties, wonder no more. pic.twitter.com/OzlGhrbATG — Financelot (@FinanceLancelot) November 2, 2021 #recession …#GFC2 US #Housing #Bubble 2.0 edition#RealEstate #Zillow #ZillowBubble https://t.co/3SdF8NCtCy pic.twitter.com/IW7RnxxtSt — Invariant Perspective (@InvariantPersp1) …

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