Chief
~ Shmalpha ~
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- #2,226
Yes I watched that YouTube video.Have you looked into Chinese investment motivations before? They have entire cities that are built and left vacant not as a means of simply inflating GDP but so that families can compete for the love interests of families that had a daughter.
So I think we are seeing a fair bit of that here too. Purchases for the purpose of a resume. Not intended as rental or otherwise occupied property.
There's a three-parter covering their skewed population, water problems, and property market.
I believe some property here has been a funnel for cash out of China given their currency exchange limits. It's probably more complicated than that.
Also, I am watching this guy talk about his camper van.