> The younger generations are significantly fewer in number, they will need fewer apartments to live in.
Not necessarily, living space per person could increase faster.
> all funded through mortgages
All promised future work is debt by definiton. with real estate being 70% if Chinese wealth, it has to be public debt, whether in the form of mortgages or government debt.
Not necessarily, living space per person could increase faster.
> all funded through mortgages
All promised future work is debt by definiton. with real estate being 70% if Chinese wealth, it has to be public debt, whether in the form of mortgages or government debt.