China Real Estate Crisis as MORTGAGE FRAUD Exactly Same as U.S. in 2007!

China real estate has gone berserk. The prices have lifted to levels never imagined, except by the central planners who envisioned a world of never ending bubbles. Housing is unaffordable by any metric in the major cities in China and the government has relaxed lending standards in the past few years to try and maintain this price escalation. Eventually, this will have to come back around punish those who took those major risks.

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Sources Used in This Video:
https://goo.gl/UpprQe

China’s mortgage debt bubble raises spectre of 2007 US crisis | South China Morning Post
http://www.scmp.com/news/china/economy/article/2112873/chinas-household-debts-soars-it-being-stalked-subprime-spectre
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Loftium
https://www.loftium.com/
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