{"id":565,"date":"2014-10-24T08:11:52","date_gmt":"2014-10-24T12:11:52","guid":{"rendered":"http:\/\/olduvai.ca\/?p=565"},"modified":"2014-10-24T08:11:52","modified_gmt":"2014-10-24T12:11:52","slug":"burst-chinese-housing-bubble-leads-to-first-annual-price-decline-since-2012-prices-drop-in-record-69-cities-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=565","title":{"rendered":"Burst Chinese Housing Bubble Leads To First Annual Price Decline Since 2012; Prices Drop In Record 69 Cities | Zero Hedge"},"content":{"rendered":"<p><a href=\"http:\/\/www.zerohedge.com\/news\/2014-10-24\/burst-chinese-housing-bubble-leads-first-annual-price-decline-2012-prices-drop-recor\">Burst Chinese Housing Bubble Leads To First Annual Price Decline Since 2012; Prices Drop In Record 69 Cities | Zero Hedge<\/a>.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">It has been over six months since the Chinese housing bubble has popped. What&#8217;s worse, as overnight housing numbers out of China confirmed, the government has so far failed to contain the fallout, and according to the National Bureau of Statistics, which is anything but, after a fifth straight monthly decline, Chinese home prices have now wiped out all price gains in the past year. This was immediately spun as bullish by\u00a0<a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/in.reuters.com\/article\/2014\/10\/24\/china-property-prices-idINL3N0SJ1DE20141024\">media outlets\u00a0<\/a>and sellside experts as &#8220;raising expectations the government will have to implement more economic support measures to cushion the blow.&#8221; I.e., buy stocks because central banks will push risk prices artificially higher yet again. In other words, bad is still good and failure continues to be success.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">According to the NBS, average home prices in 70 major Chinese cities were down 1.3% in September from a year earlier, the first such drop since November 2012.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user5\/imageroot\/2014\/10\/China%20housing.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"max-width: 100%; height: auto; border: 0px initial initial;\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user5\/imageroot\/2014\/10\/China%20housing_0.jpg\" alt=\"\" width=\"600\" height=\"450\" \/><\/a><\/p>\n<div><\/div>\n<div>&#8230;click on the link above to read the rest of the article&#8230;<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Burst Chinese Housing Bubble Leads To First Annual Price Decline Since 2012; Prices Drop In Record 69 Cities | Zero Hedge. It has been over six months since the Chinese housing bubble has popped. What&#8217;s worse, as overnight housing numbers out of China confirmed, the government has so far failed to contain the fallout, and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[36,130,391,406],"class_list":["post-565","post","type-post","status-publish","format-standard","hentry","category-economics","tag-asset-bubble","tag-china","tag-growth","tag-housing-bubble"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=565"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/565\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}