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For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
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You wouldn't like it if you owned three houses and have all your savings invested in them
Diversify your investments is literally the first thing anybody learns about investment.
Also, let me cry for those poor rich people with still 3 houses left, they're going to end in poverty if it's worth less!
I could be wrong, but I think they're referring to all the middle class Chinese who were using housing as an investment vehicle (cause that was a common thing in China to my understanding).
People in China don't have a good stock market to invest in to "diversify". They also don't have good government programs like social security. The only investments are houses, shops, or your kids. If you chose houses and the market crashes and your kid can't help, you're screwed and will likely end up on the street.
Yeah that's what I was trying to call out. Also seems some people aren't aware that many of these investment properties were never built, so the people lost their money and the asset behind it.