about to read this but elsewhere saw a claim that in CN real estate is typically used as collateral for loans and i wonder if in this light you can view giant ghost cities as primarily a store of value in china which makes them make quite a lot more sensehttps://twitter.com/HarrierMagnus/status/1442358612383260674 …
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While China’s population has leveled off and might shrink in decades to come, there is one factor that will affect the market for all of those unoccupied apartments. That is the internal migration from villages to large cities. That trend is still playing out.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Chinese markets are too controlled, Chinese banks too. So Real Estate was the best fane in town for saving and investment. Its just an example of how markets try to route around obstruction. It should be pointed out that this all happened cus the CCP changed the rules AGAIN.
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All the sudden what used to be a good model based on the rules became unsustainable. Government creates problem, market routes around. Government creates new problem, market painfully route around.
End of conversation
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