Why The Bubble Never Pops

House prices in China keep rising and many people enamoured with China believe that they will continue to rise and somehow never burst because of the “5,000 years of greatness” not found in any other place. Do these understand how lands laws and the real estate market in China work? The following video explains it all and anyone interested in China should watch it – even those who are not buying property.

The real estate market which is completely under the control of the CCP, is the most powerful weapon at the party’s disposable. By manipulating the market, the government can boost property prices even when the economy is slowing down. It’s a speculator’s market. Those who are stuck with it have effectively enslaved themselves for life. This is the rationale behind 躺平.