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No, it's even more relevant. That's lost investment that won't see a return. China has overbuilt residential property and it's a major issue.
by clouddrover 3y ago
No, it's even more relevant. That's lost investment that won't see a return. China has overbuilt residential property and it's a major issue.
- FooBarBizBazz 3y agoSomething is messed up when a country creates plenty and that's a bad thing.
- clouddrover 3y agoNo, it's just bad economics. Supply has far exceeded demand. People took on debt to buy these properties and they will not see a return on their investment. And that will lead to financial loss and bankruptcy.
- yen223 3y agoYeah, something that grates my cheese is when falling home prices is portrayed as a bad thing that should be feared!
- FooBarBizBazz 3y agoExample: Biden pointed to record-high home prices in his last State of the Union as a bragging point. I was more than a little annoyed by that. And that's as someone who is generally supportive of Biden. (Pretty sure Trump would have done the same. I mean, he's a real estate investor himself.)