Grandma’s Mortgage: Who’s Paying for China’s Property Bubble?

Grandma’s Mortgage
Who’s Paying for China’s Property Bubble?
CRC asked 132 property owners in China what was their source of capital for the real estate they acquired? In addition to personal savings, most buyers borrowed funds from a complex array of third party lenders. This reliance on “friends and family” and “other” sources of capital is a form of non-bank lending that is little understood and is a potential liability in the financial system.

Grandma’s Mortgage: Who’s Paying for China’s Property Bubble