>"real estate assets everywhere but China now look better in the long term."
They do not look better. They look inflated and unaffordable. If not fixed this will have social consequences at some point and it won't be pretty.
They do not look better. They look inflated and unaffordable. If not fixed this will have social consequences at some point and it won't be pretty.
By "unaffordable" people mean that median person/poor person has problem with paying for housing. Not that no one at all can afford it.