Re:$2T in Proceeds of Corruption Removed from China and Take...
by nostrademons on Monday January 02, 2017 @03:43PM
(#13304323)
5-10% of total housing stock, or 5-10% of houses on the market?
Prices are set on the margin, reflected by the goods that are actively on the market, and at any given time only a small percentage of housing units are on the market. If 5-10% of total housing units are owned by Chinese nationals, and that percentage has grown rapidly in the last few years, it could easily translate to > 50% of real estate transactions.
Prices are set on the margin, reflected by the goods that are actively on the market, and at any given time only a small percentage of housing units are on the market. If 5-10% of total housing units are owned by Chinese nationals, and that percentage has grown rapidly in the last few years, it could easily translate to > 50% of real estate transactions.