Comments by "JX" (@J_X999) on "Inside a Chinese Ghost Town of Abandoned Mansions | WSJ" video.

  1. The government is focusing on the "Three Major Projects" instead of bailing out the indebted, speculative private developers.
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  2. Not in big cities. Young people can't afford housing in Shanghai, Beijing etc. There is no oversupply in big cities. Meaning there is still demand.
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  3. Spot on.
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  4. It's extremely overstated. Housing is still very scare and unaffordable in big Chinese cities.
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  5. ​ @brahmburgers  He's correct. What we are seeing is the housing market correcting itself. The CCP has already made it very clear that the future of Chinese housing is state provided, affordable housing that cannot be privately traded.
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  6.  @brahmburgers  Market correction is the same as a bubble burst.
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  7. Everyone talks about China's overbuilding problem, but in big Chinese cities such as Shanghai, housing is extremely expensive, the same way as Canadian housing. They have overbuilt real estate, yet the same problems in the big cities.
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