Sure, assuming housing prices don't continue to grow. But lending rates in China are about 6% or so, just the interest alone on a $200k mortgage is absolutely i

Sure, assuming housing prices don't continue to grow. But lending rates in China are about 6% or so, just the interest alone on a $200k mortgage is absolutely insane for an ordinary Chinese person. It's almost twice the annual gdp per capita. Meanwhile here in the Netherlands a typical house will set you back $250k but the per capita gdp is $50k. Of course the Netherlands is wealthier, but you'd think its housing prices would reflect that and show a similar income/housing ratio, roughly speaking, but it's just completely different. Housing is in a huge bubble and there's a crazy gap between wages and housing in China. If wages continue to grow while houses don't, sure... but that'd also mean people will sell their homes because they're no good as an investment anymore, which pops the bubble, and that'll create a ton of debt as people are stuck with $200k mortgages on a home worth $100k or less, that's structurally so unsound it'll be demolished within 20-30 years. My outlook is pretty pessimistic tbh. Although it does seem to be a problem confined to particular areas, that must be said.