7/13/23: The Coming Real Estate Crisis
THE TRUTH ABOUT YOUR FUTURE with Ric Edelman
00:00
The Economic Downturn in China
A lot of people were investing their money in real estate over the past decade because real estate has done really well. A lot of investors bought into apartment buildings and now they're discovering they're losing all their money. China is experiencing the same thing. Enormous debts through massive building while the cost of borrowing was near zero. Projects today can't refinance. They can't repay their debts. This is a global phenomenon just as it was in 2008.
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