Low interest rates in advanced countries have pushed money into real estate

Re:Low interest rates in advanced countries have pushed mone... by seanmcdirmid on Wednesday November 24, 2021 @11:47PM (#29338306)

This. If you rent a place for $1000/month that would sell for $1 million (the case usually in Beijing), a 1.2% yield (assuming no other costs, which isn't likely), things are really out of whack. Buying in Beijing never made sense, but landlords weren't banking on rents to make money anyways.

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Re:Low interest rates in advanced countries have pushed mone... by smilekzs on Thursday November 25, 2021 @03:26AM (#29339363)

Until recently, renter rights in big Chinese cities have been miserable. Even though this had been artificial, it provided enough incentive / premium to tip the scales towards buying, even at unrealistic leverage.

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Re:Low interest rates in advanced countries have pushed mone... by seanmcdirmid on Thursday November 25, 2021 @07:11AM (#29340657)

That was more of a problem at the low end than the higher end of the market. I never personally had a problem with a landlord, and never heard of any other foreigner that did.

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