What's happening is people around the world parking their money in real estate. In my corner of the world it got to a point where things like blocks of just st

What's happening is people around the world parking their money in real estate. In my corner of the world it got to a point where things like blocks of just studio apartments are built, which were all bought out back when the project was still a hole in the ground. It's most pronounced in China, where over 70% of household wealth is in real estate, because everyone and their grandmother is investing.