President Lee Jae-myung reaffirmed his commitment to resolving South Korea's real estate crisis by breaking the Seoul metropolitan area's dominance, emphasizing region-led growth, balanced development, and new incentives to boost local economies and corporate investment.
#YonhapInfomax #RealEstateCrisis #SeoulMetropolitanArea #RegionalDevelopment #PresidentLeeJaemyung #CorporateInvestment #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104065

China's High Tech, Low Birth Rate - Keyu Jin and Lex Fridman

#china #realestatecrisis #realestate #technology

🔍 Join us on a journey through the intricate dynamics of the modern housing market. #RealEstateInsights

Read the full article: Real Estate, Wages, Mortgages – HOUSING CRISIS Just Got Worse
https://lttr.ai/AKly0

#realestatecrisis #housing #housingcrisis #mortgages

Real Estate, Wages, Mortgages - HOUSING CRISIS Just Got Worse

Dive into the challenges of homeownership, from soaring housing costs to barriers faced by young individuals. Explore the impact of investor influence, policy reforms, and the future landscape of affordable housing in a global context. Discover solutions and insights on the dynamic real estate market..

Rodaportal

OnlineFirst - "Chasing land, chasing crisis: Interrogating speculative urban development through developers’ pursuit of land commodification in Mumbai" by Anitra Baliga:

#landmarket #realestatecrisis #landcommodification #speculativeurbanism #Mumbai

https://journals.sagepub.com/doi/full/10.1177/0308518X231198153

"Beset by challenges since its 2006 launch, the project, now home to about 9,000 people, saw demand fall sharply following #China's move to stem capital outflows and the #COVID19 pandemic." #RealEstateCrisis #PropertyMarketCrisis

China's #CountryGarden says $100 billion #Malaysia project on track
https://www.msn.com/en-ca/money/other/chinas-country-garden-says-100-billion-malaysia-project-on-track/ar-AA1fRFiv

MSN

"#Evergrande is at the centre of a crisis in #China's property sector that has seen a string of debt defaults since late 2021, and its stock has been suspended for 17 months." #RealEstateCrisis #EvergrandeGroup

Evergrande loses $2 billion in value as trade resumes; extends creditor voting
https://www.msn.com/en-ca/money/topstories/evergrande-loses-2-billion-in-value-as-trade-resumes-extends-creditor-voting/ar-AA1fRSSx

Back toot:
https://noc.social/@Norobiik/110910928297909003

MSN

"A string of Chinese #PropertyDevelopers have defaulted on their #OffshoreDebt obligations since #Evergrande ran into trouble, leaving unfinished homes and unpaid suppliers, shattering consumer confidence in the world's second-largest economy." #RealEstateCrisis #EvergrandeGroup

Evergrande Seeks US Court Nod for $32 Billion Debt Overhaul as #China Economic Fears Mount
https://www.usnews.com/news/world/articles/2023-08-17/china-evergrande-files-for-protection-in-us-court-as-part-of-32-billion-debt-overhaul

Back toot:
https://noc.social/@Norobiik/110908670994375523

#Evergrande, once #China’s top property developer, was found in 2021 to be struggling with more than $300bn in liabilities, as government officials tightened scrutiny on the #RealEstate sector. Its #LiquidityCrisis soon made it a symbol of the country’s property sector woes." #RealEstateCrisis

China’s struggling property giant Evergrande files for bankruptcy protection in US | #Economy | The Guardian
https://www.theguardian.com/business/2023/aug/18/chinas-struggling-property-giant-evergrande-files-for-bankruptcy-protection-in-us

Back toot:
https://noc.social/@Norobiik/110860780153373005

China’s struggling property giant Evergrande files for bankruptcy protection in US

The company’s chapter 15 protection will protect its US assets while it attempts a restructuring deal

The Guardian
Coming crisis for commercial leases
US office vacancy rates have exceeded 20% for the first time in decades, with San Francisco, Dallas, and Houston having rates as high as 25%. Actual office use is also decreasing, with attendance in the 10 largest business districts still below 50% of pre-COVID levels.
https://www.theatlantic.com/ideas/archive/2023/06/commercial-real-estate-crisis-empty-offices/674310/
#OfficeVacancy #RealEstateCrisis #RemoteWork
The Next Crisis Will Start With Empty Office Buildings

Commercial real estate is losing value fast.

The Atlantic
Until now I thought "web3" was the biggest scam and waste of resources of the last decade, but this is at least on par. And probably even worse in stupidity.

https://www.youtube.com/watch?v=wJ8JBTIVUVw

#china #realestatecrisis #web3 #scam
The Secret behind China's Ghost Cities

YouTube