most Chinese families invest everything plus everything they can borrow, into a home. if property values fall, that will be perceived as a giant loss and could be a widespread freakout. so they try to keep home values growing like forevers. a bubble that is kept growing forever?
most Chinese families invest everything plus everything they can borrow, into a home. if property values fall, that will be perceived as a giant loss and could be a widespread freakout. so they try to keep home values growing like forevers. a bubble that is kept growing forever?