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Joined 1 year ago
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Cake day: August 5th, 2023

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  • It’s a two sided attack.

    On one hand, their investment opportunities are limited. As a normal pleb the most they can do is buy an investment property. Stock market is pretty sketchy and limited to those with decent cash, so it leaves just real estate which is why so much gets pumped into it.

    Then on the other side you have population decline. China is literally fucked from old age people and the preference to having a son. More women there also don’t want to deal with the entitled little emperor, so they don’t get married also. Population is on track to hit 500bill in 2100 (down from 1.4T at its peak). All those billions missing don’t need apartments.

    When it falls, it’s going to be impressive.