Comments by "HKim0072" (@HKim0072) on "Real Estate Crash Plunges China’s Cement Into Unprecedented Survival Crisis, Prices Tumble Nonstop" video.

  1. The problem is they were treating "real estate" like a quasi-hard asset rather than a real asset. In the US, you can model out cash flow on how much rental income you can generate from the property. The price has to be in the ballpark to get someone to buy a property. A hard asset is just the greater fool theory. Hopefully, people will keep thinking it has "magic" value, but it has very little intrinsic value.
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  2.  @giddy9052  Good question. Maybe if the richest man in Hong Kong is dumping all of his properties for 5 years, it's probably best to follow his lead. He started selling in the mid-2010s.
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