The Chinese do love their real estate. They just keep building and building in that country even though they have like 50 million units unoccupied. It really is an amazing, albeit baffling situation to watch.
That is how they keep capital in the country though. There stock market suck and bonds pay no yield. So real estate is all they are really allowed to invest in.
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It is but I don't blame them. There were a bunch of scams happening to when the middle man took the money leaving tenants and homeowners pissed at each other.
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it's also a status symbol, you look well off if you have multiple properties to your name and it's much more likely to find a spouse if you're a dude
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This will obviously end badly as we also learned that their population went down in 2021, first time since 1949.
Too much housing and less people = Crash xD
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