3 ms·
It's impossible for the supply to keep up for the demand for investment vessel. China has already built 3 times the number of the apartments that are needed to
by scotty79 3y ago
It's impossible for the supply to keep up for the demand for investment vessel. China has already built 3 times the number of the apartments that are needed to house the entire population and the demand still outpaces the supply.
- pas 3y agonah, Chinese real estate bubble bursted, because demand collapsed (despite the prices kept low due to municipalities financing a large part of their budget through land sales, and banks were incentivized to issue a lot of mortgages, and that's how Credit Suisse run into a wall)
- scotty79 3y agoI'm not sure how the latest data looks but crash is a strong word. https://www.business2community.com/wp-content/uploads/2023/11/chinas-property-market-collapses.jpeg.webp https://www.business2community.com/wp-content/uploads/2023/1... It seem like it barely stopped (paused?) growing. Which is reasonable given more widespread awareness that what's being built is of lower and lower quality. Which is also natural given that supply is provided to satisfy investors not honest residential demand.