This has been happening in China for over ten years, and housing has only been getting more expensive in the process -- even while much of it remains empty, wai

This has been happening in China for over ten years, and housing has only been getting more expensive in the process -- even while much of it remains empty, waiting to be sold to a higher bidder. Yes, it will all collapse someday, maybe soon. But as long as housing is treated as an investment, it can remain unaffordable in the face of supply surplus.