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RE: The Artificial Urban Real Estate Bubble Is Popping

in LeoFinance • last year

I think this is a big problem that China is facing. They have a lot of uninhabited condos, and some are just being demolished. It isn't as bad in the Philippines, but condo rental income has gone down because of a lack of tenants. There are more available than demand, so a lot of owners are undercutting each other. I agree that remote work is here to stay.

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         last year 

        My views is the China growth story ended over a decade ago. Each time their GDP took a turn for the worse, they put forth massive infrastructure and construction spending. This is great for the economy but a problem when you dont need them. So now they have a lot of "bridges to nowhere".

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