China can House Itself Twice
and that's bad News
China real estate “overbuild” estimated at 100%! For perspective, the overbuild at the peak of the US housing crisis was aprox 5%.
What happens when you have a real estate investment bubble/overbuild and subsequent national housing crash of this magnitude?
What does it bode for the future of the CCP? The world economy?
I'm not always a big Zeihan fan, but this is excellent.
Lots of food for thought here.
Watch!
Bonus:
Here's one solution they’ve tried..
Bonus #2
Is the vax gravy train jig finally up?
Bonus 3
Do you put on your own tattoos each day? 😀
Bonus 4
Forget the degree mill. Here's how to attain significance with minimal effort
Odd as Chinese house prices are very high on average. In fact Hong Kong's are the highest in the world.
If the minimum value of the square foot or m2 is below replacement (building from scratch), minus the land cost, it shows that there's really a problem of over-building, which lasts until the demand from the young and migrants reaches the equilibrium back again. So the solution is simple: open the gates to migrants and give them credit to buy the unused buildings.
Yet, considering what's coming up, this is the least of the problems for the Chinese population:
The full PLAN exposed:
https://scientificprogress.substack.com/p/the-plan-revealed
2035 You'll go nowhere and you'll be happy =(
https://scientificprogress.substack.com/p/2050-youll-go-nowhere-and-youll-be
16 laws we need to exit Prison Planet
https://scientificprogress.substack.com/p/laws-to-exit-planet-prison