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Chinese speculators reduce growth by keeping property vacant. Airbnb doesn't affect growth. House prices are not growth, and they generate the tax revenue that
by fjsolwmv 7y ago
Chinese speculators reduce growth by keeping property vacant. Airbnb doesn't affect growth.
House prices are not growth, and they generate the tax revenue that you say helps get the infrastructure ready.
- seanmcdirmid 7y agoBuilding more supply to keep up with demand, no matter how real, would be growth.