4 ms·
> Many Chinese cities are what happens when you allow supply to meet demand. Um, no. Chinese cities are a direct result of government policies to boost GDP th
by seizethecheese 11y ago
> Many Chinese cities are what happens when you allow supply to meet demand.
Um, no. Chinese cities are a direct result of government policies to boost GDP through construction and are the supply of housing has little to do with market forces.
- rahimnathwani 11y agoYou are both right.
- ThrustVectoring 11y agoIMO it's more because of Chinese capital controls: buying an apartment that sits empty for fifteen years is literally the best option they have for turning money today into something valuable when they're old and cannot work.