Comments by "mombaassa" (@mombaassa) on "Beijing House Prices Collapse Overnight: From 10 Million in the Evening to Just 3 Million by Morning" video.
-
6
-
CHANG IN REAL ESTATE VALUE:
"Location", is the main factor, in valuing real estate. However, we're increasingly working, studying, shopping, researching, recreating... etc., on-line. Location is losing its significance.
At some time, Beijing accountants, secretaries, psychiatrist, designers, counsellors, authors, lawyers, tai chi instructors, tutors... and so on, will realise they can still work, from nicer locations. They'll cut the commuting hours, spend more time with their children, live in a cleaner safer place, breathe fresh air, have more space, pay off the mortgage sooner, and avoid all those security cameras. What will happen to big city property prices, then?
Each new generation, seems willing to do more things, online. I believe, a major reset is coming, in global property prices. Industrial locations, will not be affected much but commercial and residential property values, face a downward adjustment. In China, nearly everyone's nest egg, is a residential property.
2
-
1