Most journalists won’t accept the ugly truth. We need x20 more housing approved and built than there is. There is shit ton of land available, more than enough

Most journalists won’t accept the ugly truth. We need x20 more housing approved and built than there is. There is shit ton of land available, more than enough ppl to build it, and a huge demand. Homes were never supposed to be an investment, it’s literally a depreciating asset. The only reason for it’s to go up in price - an economic bubble fueled by cartel mentality. Just because homeowners haven’t colluded publicly doesn’t mean they don’t the freaking know what and why they are doing what they are doing :) And.. this is the reason why Chinese government is actually cracking down on this bubble there.