Comments by "Bob Roberts" (@YourHineyness) on "Huge Losses! China’s Home Prices Drop 50%, No Buyers. 6M ㎡ of New Homes Unsold, Gov’t Fears Collapse" video.

  1. A big problem is falling population. Starting in 2023 China's population started falling and will continue to do so. That will cause prices to fall for decades. Fewer people need fewer houses.
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  2. Real estate is in a death-loop. The government must sell land to fund its operation but there are already too many houses available and they should therefore stop selling land. But then the government is bankrupt. The solution is for the government to make every buyer whole who is waiting for a home to be built: return all of their money then demolish the half-built buildings to bring supply back into line with demand. Such an action would show buyers that the government has their back and would restore confidence. This would be hugely expensive but would add to the GDP which the CCP is so hung up on.
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