Another interesting thing to put Chinese housing in to perspective - it is believed to be the largest asset class in the world (worth more than the entirety of

Another interesting thing to put Chinese housing in to perspective - it is believed to be the largest asset class in the world (worth more than the entirety of the US equity market) and just the alleged value of the unsold inventory exceeds the value of all residential real estate in Japan. Of course it is all a bubble, and after it fully pops, it could be worth 10% of what it is now (or deflates if the Chinese central government wants to drag it out across a few decades.) A lot of the real estate will be worth 0 because of the cost of maintenance and what happens when the maintenance isn't performed.