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>"real estate assets everywhere but China now look better in the long term." They do not look better. They look inflated and unaffordable. If not fixed this wi
by FpUser 3y ago
>"real estate assets everywhere but China now look better in the long term."
They do not look better. They look inflated and unaffordable. If not fixed this will have social consequences at some point and it won't be pretty.
- bufferoverflow 3y agoHousing can't be inflated and unaffordable at the same time. Someone is buying properties, driving prices higher. Those someone can definitely afford housing.
- FpUser 3y agoThey also can handle $100,000,000 boats. I am so happy for those poor souls
- matkoniecz 3y ago> Those someone can definitely afford housing. By "unaffordable" people mean that median person/poor person has problem with paying for housing. Not that no one at all can afford it.
- bufferoverflow 3y ago65.8% of Americans own a home as of 2022. Which covers the median person and some below that.
- Cipater 3y agoThe word "affordable" means "not expensive".
- pseudosavant 3y agoInflated by investors buying to turn them into rentals that are unaffordable.