i think he’s referring to the thing where chinese billionaires buy property they have no intention of using - or even seeing - in economically liberal western nations as a store of value (because their government is terrifying and our governments are impotent) https://twitter.com/BennettJonah/status/1075174491947298816 …
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Sure, but why not store wealth *and* generate a steady income stream, with incidental effect of increasing the usable housing supply thereby reducing housing prices from what they otherwise would have been?
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