4 ms·
as you mention China - the property prices are declining there 3rd year in a row. in lower tier cities more than in Tier A, but also there they decline or stopp
by 88840-8855 5y ago
as you mention China - the property prices are declining there 3rd year in a row. in lower tier cities more than in Tier A, but also there they decline or stopped climbing.
we will have to wait and see how the common prosperity laws that Xi proposed will further change the life of people - and if they actually work, we must start thinking why WE were not able to do that in the first place with our democratic system that is supposed to represent the people.
- rcpt 5y agoTier A cities have been getting cheaper for 3 years?
- seanmcdirmid 5y agoTier 1 cities haven't, but Tier 88 cities have been. Actually, since the red families control most of the real estate companies, they often just prevent you from selling (real estate agents won't show your house) rather than risk scoring a "loss in real estate value." So in China it is better to look at sales volume rather than sale prices.
- rcpt 5y agoI think that's intentional. I understand that to combat demographic disaster China has been depopulating the villages in favor of megacities. So tier 88 should get cheaper while tier 1 gets crazy.
- seanmcdirmid 5y agoTier 88 cities are hardly villages, they are cities with 1 million or more people. And they aren't shrinking, they are growing as well, most of China's growth will happen in these cities, especially since they are much easier to get hukou in than tier one cities. What good is living in Beijing if you can't send your kids to Beijing schools?
- seanmcdirmid 5y agoChina is looking for a long term solution, not quick fiat fixes from above. Despite all the mistakes they make, the Chinese government isn't dumb, they realize some continuous pressure against speculation in the property market will work better in the long term.