https://rayliant.com/the-myth-of-the-chinese-real-estate-bubble/ But for obvious reasons, reducing home prices is exceedingly unpopular with existing home-owners and lenders. A workable approach, which could take a decade to bear fruit, requires Beijing to work actively to contain property prices while inflation and economic growth raise household income. But a more promising and immediately impactful alternative is a Singapore-like government housing program, where low-cost rentals are built and operated by the state for lower income earners . ... Beijing is rightly concerned with the social pain caused by this issue. However, there is also an economic problem to be addressed: although Chinese workers have worked and saved excessively, much of their capital has been mis-directed. A significant percentage of the country’s investments have been sunk into the real estate sector . Having spent the past several months in China, I see the pain that housing affordability has cause...
Green Matter - What can I do ?