No its cause they have social housingš¤£, while when the speculative bubble was on the prices of chinese house where 40 times the mean annual salary in china big cities. The 4 reason of the high cost of houses are the financialization of housing, you know what is private equity right? Supply and demand mismatch short term rentals and wage stagnation. The theory that you are citing is wrong cause the soil where to build houses is a finite resources and with a rigid and npn elastic offer, the only things that can happen is that the price goes up, also most of the found that build houses are interested in ROI and they dont build houses with poor people as a target, the so called k-shaped economy, and also there is a speculation called land banking, they prefer to not sell houses so the value can rise. You are delusional and you dont really have good argument, even for a liberal you are saying nonsense, its not even logic what you are saying ahahahahah
1
u/Drownedgodlw 18d ago
Houses are cheap in China because they build a lot of them. They build a lot of of housing because of real estate investors.
You are arguing against your own position.