China’s Rental Market Flooded with Listings as Rents Continue to Slide - The reality of more listings and lower rents is here to stay, says CRIC report
they feel like the financial sector is making bank off this, and because it was done relatively recklessly, some of the massive amounts of resources being used to manage the falling prices aren’t being used in other sectors, which is contributing to stagnant wages, an absurd young unemployment and a continuous deflationary spiral that aggrevates the other two. (I’m realizing I’ve read far too many of their comments lol
Stagnant wages, deflationary spiral, etc are all price and money related. This was the point Gary’s Economics was getting at.
Building more resources that are available to more people is GOOD. Asset prices going up is actually a sign the monetary policy has been overused. Property and stock prices can go up if you inject credit into the economy. That does NOT necessarily make the economy more productive.
xiaohongshu has a hate boner for local or some other issues and then is taking a stat like rent prices falling and turning it around to say it’s bad. Or that local governments are going to make a bad move any minute now.
Basically saying “Even though rent prices coming down is GOOD, they built housing for the wrong reasons, so they are going to use austerity next and the sky will fall”
Stagnant wages, deflationary spiral, etc are all price and money related. This was the point Gary’s Economics was getting at.
Building more resources that are available to more people is GOOD. Asset prices going up is actually a sign the monetary policy has been overused. Property and stock prices can go up if you inject credit into the economy. That does NOT necessarily make the economy more productive.
xiaohongshu has a hate boner for local or some other issues and then is taking a stat like rent prices falling and turning it around to say it’s bad. Or that local governments are going to make a bad move any minute now.
Basically saying “Even though rent prices coming down is GOOD, they built housing for the wrong reasons, so they are going to use austerity next and the sky will fall”
That is classic doomer cope.