The Great Chinese Property Mirage
Debt, demographics and the slow deflation of China’s property bubble
A free deep dive and research from Beefy
Please SHARE and support his work to keep it free!
open.substack.com/pub/beefeate...
Debt, demographics and the slow deflation of China’s property bubble
A free deep dive and research from Beefy
Please SHARE and support his work to keep it free!
open.substack.com/pub/beefeate...
The Great Chinese Property Mirage
Debt, demographics and the slow deflation of China’s property bubble
open.substack.com
July 6, 2026 at 5:02 PM
The Great Chinese Property Mirage
Debt, demographics and the slow deflation of China’s property bubble
A free deep dive and research from Beefy
Please SHARE and support his work to keep it free!
open.substack.com/pub/beefeate...
Debt, demographics and the slow deflation of China’s property bubble
A free deep dive and research from Beefy
Please SHARE and support his work to keep it free!
open.substack.com/pub/beefeate...
Sorry, should have said “property bubble”
July 16, 2025 at 5:46 AM
Sorry, should have said “property bubble”
It’s the meme! ITS THE MEME!
January 29, 2025 at 7:24 AM
It’s the meme! ITS THE MEME!
It's as if intellectual property laws or human decency don't exist for these people. They have no idea the kinds of malicious ways this can be utilized and they're just unleashing this on the world to prop up their AI market bubble.
October 1, 2025 at 10:44 PM
It's as if intellectual property laws or human decency don't exist for these people. They have no idea the kinds of malicious ways this can be utilized and they're just unleashing this on the world to prop up their AI market bubble.
the bubble is so ready to burst
Struggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 300%
Allbirds announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million in March.
www.cnbc.com
April 15, 2026 at 2:17 PM
the bubble is so ready to burst
We are seeing it bubble up elsewhere with GOP Gov candidates hammering getting rid of income and property tax
October 3, 2026 at 12:09 AM
We are seeing it bubble up elsewhere with GOP Gov candidates hammering getting rid of income and property tax
property values plummeted after my neighbor installed that huge empty speech bubble on his roof
September 1, 2026 at 7:40 AM
property values plummeted after my neighbor installed that huge empty speech bubble on his roof
c) housing prices are persistently high despite the collapse of the property bubble in 2020 and the bankruptcy of major real estate firms like Evergrande, because the govt is blocking them from falling to market levels to avoid rage from the urban upper-middle-class, a bedrock of party support
September 8, 2026 at 6:03 AM
c) housing prices are persistently high despite the collapse of the property bubble in 2020 and the bankruptcy of major real estate firms like Evergrande, because the govt is blocking them from falling to market levels to avoid rage from the urban upper-middle-class, a bedrock of party support
This always happens, everyone warning about the AI bubble, the Private Credit bubble, the Property bubble, the Private Equity bubble. But they'll keep on piling in the market and then when it all collapse give the Pikachi Wut face.
a close up of a pikachu with its mouth open
ALT: a close up of a pikachu with its mouth open
media.tenor.com
November 13, 2025 at 4:34 PM
This always happens, everyone warning about the AI bubble, the Private Credit bubble, the Property bubble, the Private Equity bubble. But they'll keep on piling in the market and then when it all collapse give the Pikachi Wut face.
Remind me how that property bubble went again, I assume it was good
May 5, 2025 at 9:34 PM
Remind me how that property bubble went again, I assume it was good
guess what expensive oil and natural gas fucks up even more than it's already fucked? That's right the triple energy property tech bubble that is AI!!!!
Moreover, ICE must be destroyed
Moreover, ICE must be destroyed
March 20, 2026 at 1:46 AM
guess what expensive oil and natural gas fucks up even more than it's already fucked? That's right the triple energy property tech bubble that is AI!!!!
Moreover, ICE must be destroyed
Moreover, ICE must be destroyed
When will the climate change coastal property bubble pop? A significant acceleration in coastal flooding from a lunar orbit shift (mid-2030s) will significantly stress the market. My 2024 post: "When will climate change turn life in the U.S. upside down?"
yaleclimateconnections.org/2024/08/when...
yaleclimateconnections.org/2024/08/when...
October 9, 2025 at 1:26 PM
When will the climate change coastal property bubble pop? A significant acceleration in coastal flooding from a lunar orbit shift (mid-2030s) will significantly stress the market. My 2024 post: "When will climate change turn life in the U.S. upside down?"
yaleclimateconnections.org/2024/08/when...
yaleclimateconnections.org/2024/08/when...
I mean, unless you’re the People’s Republic of China and are interested in maintaining a property bubble
May 6, 2025 at 4:19 PM
I mean, unless you’re the People’s Republic of China and are interested in maintaining a property bubble
The dot com bubble bursting didn't end the internet. But it did end the notion that putting any business online would succeed.
The housing bubble bursting didn't end mortgage-backed securitization. But it did end the notion that everyone should be buying it and there was no risk.
The AI bubble...
The housing bubble bursting didn't end mortgage-backed securitization. But it did end the notion that everyone should be buying it and there was no risk.
The AI bubble...
Struggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 700%
Allbirds announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million in March.
www.cnbc.com
April 15, 2026 at 6:37 PM
The dot com bubble bursting didn't end the internet. But it did end the notion that putting any business online would succeed.
The housing bubble bursting didn't end mortgage-backed securitization. But it did end the notion that everyone should be buying it and there was no risk.
The AI bubble...
The housing bubble bursting didn't end mortgage-backed securitization. But it did end the notion that everyone should be buying it and there was no risk.
The AI bubble...
Meet Cakey
My thonged up, bubble butt himbo slave.
He wants you to laugh at him… to goon to him.
To get hypnotized by his cakes. He is Property of Master Mesmer. He is living his best life.
My thonged up, bubble butt himbo slave.
He wants you to laugh at him… to goon to him.
To get hypnotized by his cakes. He is Property of Master Mesmer. He is living his best life.
July 22, 2025 at 12:25 AM
Meet Cakey
My thonged up, bubble butt himbo slave.
He wants you to laugh at him… to goon to him.
To get hypnotized by his cakes. He is Property of Master Mesmer. He is living his best life.
My thonged up, bubble butt himbo slave.
He wants you to laugh at him… to goon to him.
To get hypnotized by his cakes. He is Property of Master Mesmer. He is living his best life.
"All we're doing is causing psychosis, creating deepfake nudes and committing the largest case of intellectual property theft in history, while also creating a bubble in the financial markets, why are people so mean to us?"
Jensen Huang Is Begging You to Stop Being So Negative About AI https://gizmodo.com/jensen-huang-is-begging-you-to-stop-being-so-negative-about-ai-2000709335
Jensen Huang Is Begging You to Stop Being So Negative About AI
" extremely hurtful, frankly, and I think we've done a lot of damage," he said.
gizmodo.com
January 13, 2026 at 6:45 PM
"All we're doing is causing psychosis, creating deepfake nudes and committing the largest case of intellectual property theft in history, while also creating a bubble in the financial markets, why are people so mean to us?"
The bluesky bubble is very dangerous. Think about it; all bubbles burst. You're gonna have a bluesky bubble burst and then all that blue sky will rush back into the vacuum and burst your eardrums. Then you'll be sorry. It'll cause property damage. We should not have giant bubbles in the sky.
June 10, 2026 at 9:31 PM
The bluesky bubble is very dangerous. Think about it; all bubbles burst. You're gonna have a bluesky bubble burst and then all that blue sky will rush back into the vacuum and burst your eardrums. Then you'll be sorry. It'll cause property damage. We should not have giant bubbles in the sky.
i've said for quite literally years the problem in china with hte property/etc bubble is the affect on household balance sheets (i.e. homes are a toxic asset)
Millions of Chinese citizens owe more on their mortgages than their properties are worth, and it's forcing banks to get creative. Read more: bloom.bg/3PL1YqN
📷️: Bloomberg
📷️: Bloomberg
April 7, 2026 at 12:06 PM
i've said for quite literally years the problem in china with hte property/etc bubble is the affect on household balance sheets (i.e. homes are a toxic asset)
He's a public official. No trespassing on public property? Looks like an abuse of power, protecting his little bubble
January 31, 2026 at 4:02 PM
He's a public official. No trespassing on public property? Looks like an abuse of power, protecting his little bubble
simping for the chinese communists as they *checks notes* deal with historic property bubble and rampant fraud among its billionaire class
April 16, 2026 at 12:19 AM
simping for the chinese communists as they *checks notes* deal with historic property bubble and rampant fraud among its billionaire class
Visiting Meredith’s rental property and having dinner in a bubble like Bronwyn. 🤭
January 18, 2025 at 10:33 PM
Visiting Meredith’s rental property and having dinner in a bubble like Bronwyn. 🤭
which is the fundamental issue behind "involution," deflation, overproduction, the property sector bubble, etc etc etc--a simply enormous amount of money sloshing around the system, deliberately kept out of the pockets of ordinary people, seeking (and struggling to find) a profitable home
November 25, 2025 at 3:12 PM
which is the fundamental issue behind "involution," deflation, overproduction, the property sector bubble, etc etc etc--a simply enormous amount of money sloshing around the system, deliberately kept out of the pockets of ordinary people, seeking (and struggling to find) a profitable home
U.S. home prices are now above the peak of the 2006 housing bubble, adjusted for inflation.
Since 2019, the average annual cost of owning a home has jumped 39%.
Emergency repairs +175%
Maintenance +85%
Insurance +72%
Interest +35%
Property taxes +31%
Since 2019, the average annual cost of owning a home has jumped 39%.
Emergency repairs +175%
Maintenance +85%
Insurance +72%
Interest +35%
Property taxes +31%
July 24, 2026 at 7:05 PM
U.S. home prices are now above the peak of the 2006 housing bubble, adjusted for inflation.
Since 2019, the average annual cost of owning a home has jumped 39%.
Emergency repairs +175%
Maintenance +85%
Insurance +72%
Interest +35%
Property taxes +31%
Since 2019, the average annual cost of owning a home has jumped 39%.
Emergency repairs +175%
Maintenance +85%
Insurance +72%
Interest +35%
Property taxes +31%
Property bubble Japan…
#aesthetic #vaporwave
#aesthetic #vaporwave
October 4, 2023 at 11:28 AM
Property bubble Japan…
#aesthetic #vaporwave
#aesthetic #vaporwave
We know what makes housing affordable (build housing), but the UK government won't build because for a specific generation, their savings are held in overvalued property (that is increasingly illiquid while inside the decades-long bubble), and unscrambling that egg by building housing costs money
Using the BoE inflation calculator - my dad bought an ex council house for £40k in 1988.
It should be now £115k according to that website.
The last valuation was £650k.
It should be now £115k according to that website.
The last valuation was £650k.
June 17, 2026 at 10:37 AM
We know what makes housing affordable (build housing), but the UK government won't build because for a specific generation, their savings are held in overvalued property (that is increasingly illiquid while inside the decades-long bubble), and unscrambling that egg by building housing costs money