Housing

A housing crisis in China would look nothing like what's happening in the US - it could wipe out entire families instead of one generation

3 days ago   |   By Business Insider

China's housing crisis won't be a generational crisis - it'll be a familial one. Xinhua News Agency / Contributor / Getty Images
Comparing the state of the housing market in the world's two biggest economies reveals two different breeds of crisis.
In the US, millennials are getting screwed by and priced out of the housing market.
In China, it won't be a generation that bears the brunt of a crisis - instead, a housing market fallout would create intergenerational, familial crises.
It's not a great time to be a millennial trying to buy a home. Millennials are supposed to be in their prime...
Read more ...

 


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