Economy

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Here's how China could crush the U.S. housing market (www.cnbc.com)

submitted 1 year ago by lemmy_news@lemmy.wtf to c/economy@lemmy.world

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[–] kikutwo@lemmy.world 1 points 1 year ago (1 children)

Honestly it could use it considering a total dump, ancient cottage that needs a gut reno still goes for $400k by me. That probably sounds like a bargain for some parts of the US.

[–] jrs100000@lemmy.world 1 points 1 year ago

They arnt talking about selling houses, they are talking about selling mortgage backed securities. That would cause mortgage rates to spike and make housing even more expensive.