[Farcesensitive]

China’s Mortgage Boycott Crisis is Growing, As The Government Looks For Solution

https://www.thefinancialtrends.com/2022/07/19/chinas-mortgage-boycott-crisis-is-growing-as-the-government-looks-for-solution/

[cherry]

extreme weather/nuclear war warnings/war in Ukraine/huge inflation/more pandemic frauds incoming all of this wrapped up in a big fat horrible debacle....

how long is too long?

[Disestablishmentarian]

Hmm.

Chinese homebuyers who got mortgages and purchased homes that weren’t built yet ... and which may never be built ... are refusing to make their mortgage payments, putting the banks at risk that issued the mortgages.

In other news, tanks have been deployed in Shandong province (reminiscent of Tiananmen Square) to defend banks whose systems supposedly crashed in April, blocking the people’s access to their own money.

https://forsided.com/2022/07/21/china-uses-tanks-to-defend-banks-from-customers-trying-to-withdraw-savings-videos/

What could possibly go wrong under communism?