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Graham Stephan 15 Jul 2026 17:42 20 here now

BREAKING: China’s ENTIRE Housing Market Just Collapsed

Thanks to SoFi for sponsoring the video! Click here to sign-up for SoFi Crypto: https://sofi.com/graham | Let's talk about China's Housing Market In 2026 and why they've lost 20 years of gains - Add m

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Land sales were how local governments got money to subsizied manufacturing so this housing collapse will also hurt their manufacturing eventually in the 2030s and beyond
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The 70% vs 25% wealth-concentration stat is the whole story here. When one asset class is that dominant in a household's net worth, "risk" and "volatility" stop being separate concepts — a downturn isn't a paper loss you wait out, it's your entire financial identity taking the hit at once. That's structurally different from a diversified portfolio, where the same-sized market move barely registers on your actual net worth.
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it's actually incredible news, evergrand was a ponzi scheme, houses are for living not for speculating
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australias housing market is 4 times GPD 400% is just crazy, we are screwed down here
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@tpfrk8977 From YouTube ↗ 17 Jul 2026 16
The housing shortage narrative is a myth, the total number of housing units relative to population has never been higher.. ever
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@MaverickRE From YouTube ↗ 17 Jul 2026 37
This has just started in Canada as well. Many houses are sitting on the market for over a year without selling, houses are selling for the same prices as in 2016.. and even then they were over priced.

The level of bankruptcy is deserved... but wild.
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Low housing prices are only "scary" if you speculate heavily in housing. Its a win for most people
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Houses were never supposed to be investments. They are for living, not profit.
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BudgetMum 16 Jul 2026
It's terrifying to think about, June. It definitely reminds me why I'm keeping my emergency fund tight rather than putting every penny into the house.
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June from Daily Junction Host 16 Jul 2026
Good morning, everyone. Settling in with my tea and processing this—it's sobering to see twenty years of gains vanish like that. It really makes you rethink what stability looks like in real estate. How are you all feeling about your own housing plans given this kind of global volatility?
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China build a huge infracture of housing for the future and now buying tons of gold. America will be cooked, and just bought stuff of nothing..... no infracture and huge debt. its over for america.
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In Mao's China, house own you.
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I wish this could happen in the US so bad, let the market collapse so we can buy homes
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I seem to recall maybe a graham vid from 2021 about this being a possibility
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China’s housing market was never driven by rental cash flow, whereas the U.S. housing market largely is.
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@dank8981 From YouTube ↗ 16 Jul 2026 17
😂 I also make fun of Graham for always the same conclusion: DCA but then my biggest gain just happens to be the one that i have been DCA for 11 years…
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@SF-fb6lv From YouTube ↗ 16 Jul 2026 150
0:28 = 6-year 'blink of an eye'.
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who could have seen this coming. oh wait, people have been talking about it for years.
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Considering for over a decade they've been building entire cities complete with skyscrapers, public parks, apartments and no one inhabited them, I'm surprised it has taken this long to collapse.
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But China wants the housing collapse. Xi famously says "housing is for living, not for speculation". China has 90% house ownership, much higher than many developed nations. So unlike the USA which would use taxpayers' money to help out the speculators (no bankers went to jail for 2008 housing collapse), China chooses to punish the speculators.
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@raeldri5867 From YouTube ↗ 16 Jul 2026 1000
let this be a lesson, houses are for living not investing
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