Maybe I'm just stupid, but I'm not getting it: > Underlying all this is the simple fact that China can't allow real-estate prices to decline significantly. Pol

Maybe I'm just stupid, but I'm not getting it: > Underlying all this is the simple fact that China can't allow real-estate prices to decline significantly. Politically, homeowners have come to expect their property values to rise continually in a one-way bet. [...] Rather than run those risks, China is simply ramping up development. Isn't ramping up development to increase housing supply exactly the way NOT to keep housing prices high?