Around 20% of Russian property developers on verge of bankruptcy

2 comments

1. Only 20%? Wake me up when it’s 50%

2. If 20% actually goes then all 100% goes. Assets used as colateral would be worthless when the first 20% properties hit the market at pennies on the dollar. It was only 6% of home loans that led to the 2008 financial crisis. I hope the 90s are looked at as an age of prosperity for russians.

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