1/4
More and more investors in Shenzhen and other hot property markets are getting into trouble for skirting rules designed to enforce the policy that "homes are for living, not speculating". The extent of the problem shows just how speculative the...
scmp.com/business/artic…
More and more investors in Shenzhen and other hot property markets are getting into trouble for skirting rules designed to enforce the policy that "homes are for living, not speculating". The extent of the problem shows just how speculative the...
scmp.com/business/artic…
2/4
Chinese property markets have become, and have been for many years. It also suggests how useless it is to expect that new rules punishing speculating can change the nature of property investment in China. Once a market has been so long driven by speculative buying from...
Chinese property markets have become, and have been for many years. It also suggests how useless it is to expect that new rules punishing speculating can change the nature of property investment in China. Once a market has been so long driven by speculative buying from...
3/4
investors whose only reason for buying is the self-reinforcing expectation of more rising prices, only a sharp drop in prices can drive speculators out.
This sharp reversal won't necessarily happen soon: the forces that drive speculative buying can go on for a very long...
investors whose only reason for buying is the self-reinforcing expectation of more rising prices, only a sharp drop in prices can drive speculators out.
This sharp reversal won't necessarily happen soon: the forces that drive speculative buying can go on for a very long...
4/4
time. Remember that before they finally cracked, Japanese real estate prices in the late 1980s far exceeded Chinese levels today relative to GDP. Of course, as Japan also reminds us, the longer it goes on, the more painful the impact of the price collapse on the economy.
time. Remember that before they finally cracked, Japanese real estate prices in the late 1980s far exceeded Chinese levels today relative to GDP. Of course, as Japan also reminds us, the longer it goes on, the more painful the impact of the price collapse on the economy.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
