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Sep 26, 2022Liked by Peter Nayland Kust

Not to mention that most of these "homes" are apartments in huge, shoddily constructed urban buildings. Throw in Chinese demographics and I don't see how they could possibly be a good store of value.

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In a world where Bitcoin is touted by many (yours truly is not among them) as a good store of value, Chinese property as a store of wealth is not at all surprising.

However, if the Chinese real estate markets had not collapsed when they did, in a few years most of the Chinese real estate itself would have collapsed anyway--taking the markets with them.

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