Comments by "" (@theylied1776) on "China Is Trying To Keep Shanghai's Soaring Property Market Under Control (HBO)" video.

This new Chinese middle class is buying up these apartments as investments, not living spaces, so developers are building more investment properties? That's the very definition of a vicious cycle. When this real-estate bubble bursts it's going to be bad.
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A Artisan Speculators? This is bad for the world-wide economy. China is the second largest economy in the world and their real-estate market accounts for 12% of their GDP, So that type of collapse will be felt world-wide. This has the potential to throw Asia into a recession because this involves collapsing their Banking system as well. Lastly, I don't see how this would be good for 900 million chinese that can't afford a good home because the banks, who would end up with all of this toxic debt, could lower the price by 75% and the 900 chinese you mentioned still wouldn't be able to afford these homes.
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