housing crisis in china

The real story of the housing crisis in 'The Big Short' is quite complex. There was a widespread belief that housing prices would never fall. So, mortgage lenders became very aggressive in their lending. They offered adjustable - rate mortgages to borrowers with little regard for their ability to pay when the rates adjusted. Meanwhile, investment banks packaged these risky mortgages into collateralized debt obligations (CDOs). Credit rating agencies, which were supposed to assess the risk accurately, failed miserably. They gave high - ratings to these CDOs, which made them seem like safe investments. Hedge funds like those in 'The Big Short' started to notice the flaws in this system and bet against the housing market. Eventually, as the housing market crashed, it became clear how all these factors had contributed to the massive housing crisis.

The housing crisis in 'The Big Short' began with the loosening of lending criteria in the mortgage market. Lenders were giving mortgages to almost anyone. These mortgages were then grouped together and sold as securities. As the housing market started to show signs of weakness, borrowers began to default on their loans. This led to a downward spiral in the value of the mortgage - backed securities. Since financial institutions all over the world had invested heavily in these securities, the whole financial system was at risk. As the defaults increased, the housing prices plummeted, and the crisis fully unfolded.

The latest data on housing prices in Guangzhou in 2023. According to the information in document [3] and document [5], the trend chart of housing prices in Guangzhou in 2023 showed the changes in housing prices every month. According to these data, the house price in December 2023 was 33250 yuan/m2, down 2.43% from the previous month and 10.03% from last year. In addition, document [6] mentioned that the average price of new houses in February 2023 was 34728 yuan/m2, up 6.5% from the previous month. Based on this information, it could be concluded that the latest data on housing prices in Guangzhou in 2023 was 33250 yuan/square meter.

The latest housing price in Wanning City in 2023 was 16,640.83 yuan/square meter.

In 2023, the house price in Hangzhou was 31076 yuan/square meter, down 0.27% from the previous year.

Sure. There are cases where the plumbing in Section 8 housing is in a terrible state. Toilets keep getting clogged, and the sinks have a foul smell due to old and broken pipes. The landlords don't fix these problems promptly, and the tenants have to live with these disgusting conditions which can also lead to the spread of diseases.

The latest housing prices in Chengdu in 2023 are as follows: The average house price in Jinjiang District was 30103 yuan/m2, 26483 yuan/m2 in Wuhou District, 24526 yuan/m2 in Gaoxin South District, 13331 yuan/m2 in Gaoxin West District, 27089 yuan/m2 in Qingyang District, 21064 yuan/m2 in Jinniu District, 23049 yuan/m2 in Chenghua District, 12979 yuan/m2 in Eastern New District, 19692 yuan/m2 in Longquanyi District, and 18861 yuan/m2 in Shuangliu District. Tianfu New District was 25026 yuan/m2, Wenjiang District was 14418 yuan/m2, Piedu District was 13386 yuan/m2, and Xindu District was 11121 yuan/m2. According to these data, Jinjiang District, Wuhou District, and Jinniu District were the areas with the highest chance of appreciation in Chengdu.

House prices in Altay fluctuated between April and May 2024. According to different documents, the average total price was between 596,000 yuan/set and 822,000 yuan/set, and the average unit price was between 6,132 yuan/m2 and 6,992 yuan/m2. However, due to the lack of detailed information provided, it was impossible to determine the specific trend of housing prices and the current market situation. Therefore, I can't give a definite answer about the housing prices in Altay.

Food Crisis [Apocalypse] was a novel written by Sun Quan of the Qi family. The story was set in an apocalyptic era where floods, earthquakes, tsunamis, volcanic eruptions, and other disasters occurred. In this era, a mold that only infected grains and edible roots swept the world, causing a serious food crisis. People who ate a large amount of this mold would gradually rot and die, turning into zombies, while hungry people could only rely on mushrooms and protein cubes to survive. The protagonist, Xiang Luo, made preparations five years in advance. He built a fortress, hoarded supplies, and planted mushrooms, hoping to survive with his beloved Zhu Yan. However, the plot and development of the story did not appear in the search results provided.

The price trend of Taihe West Mansion was 36 million yuan per unit, while the price trend of Junzheng West Mansion was 7750 yuan per square meter. However, these results did not provide detailed information on the trend of housing prices, so they could not accurately answer the trend of housing prices in the West Mansion.