Comments by "Louis Giokas" (@louisgiokas2206) on "Unstoppable Plunge in Beijing Property Values, Falling Sharply From 3.5 to 1.5 Million" video.

  1. The Chinese are finding out how markets and supply and demand work. I have been in a house for 25 years. From my original purchase price, it eventually rose about 75%. Then, it fell by 35% from that peak. It is currently back up to the peak. This is in nominal terms. That's just how it is with housing. A lot depends on external macroeconomic factors and financial factors such as interest rates. The issue in China is that the market was manipulated by the government for so long that many people will be adversely affected. In addition, the government provided few alternative investment avenues to the average person. This also distorted the market.
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  2.  @korinogaro  I know all that. I often point it out in comments that I make on various videos and platforms. I also mentioned that in my next to the last sentence of my comment above. You are ignoring the fact that the government has been manipulating prices at the same time. First, we heard a lot about the "private" companies that got in trouble. Well, now the state-owned ones are in trouble as well. The government used these state-owned companies to drive up prices by withholding supply. The CCP also controls prices and until very recently banned discounts beyond a small amount. There is some move to relax this now, since at the controlled prices nothing is selling. Finally, it is the same government that set the investment environment you point out. The dearth of investment options is an intentional government policy that goes along with the others I mentioned above.
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  3. That would require the rule of law to be operative in China.
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  4.  @nobody687  Elaborate.
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