> China built enough homes to house its population twice over, yet it's not reflected in the prices. All because everyone and their grandma is investing in real estate.
Yes, but this is reflected in China's vacancy rate: 22% by some estimates.
In the US, home vacancy rates are sub-1%.
Not saying people aren't treating homes as investments, but it seems clear we also have a supply issue.
"Real Estate is Investment" should naturally lead to overproduction as investment-only properties get built to satisfy that demand—as we see in China. In the US, we don't see that.
Yes, but this is reflected in China's vacancy rate: 22% by some estimates.
In the US, home vacancy rates are sub-1%.
Not saying people aren't treating homes as investments, but it seems clear we also have a supply issue.
"Real Estate is Investment" should naturally lead to overproduction as investment-only properties get built to satisfy that demand—as we see in China. In the US, we don't see that.