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#Chinadeepdive Hello, this is China Deep Dive. We have all the information you need to know about China at present. Today's topic is: China's four major first-tier cities—Beijing, Shanghai, Shenzhen, and Guangzhou—are experiencing a severe housing market collapse. Once considered safe investments, properties in these cities have plummeted in value, leaving homeowners drowning in debt. From luxury villas losing 60% of their value to school district housing prices crashing, the nightmare of mortgage defaults is spreading fast. With tens of thousands of homes being auctioned off and desperate sellers slashing prices, the market downturn is exposing the risks of China's debt-fueled real estate boom. Will Beijing’s property prices drop to 2016 levels? How are struggling homeowners dealing with million-dollar losses? Watch as we uncover the shocking state of China's housing crisis. Your support allows us to produce more high-quality videos. Any illegal reproduction of this content in any form will result in immediate action against the person(s) concerned.