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[–] 7 points 2 months ago (4 children)

Doubt it. There are plenty of empty houses right now.

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  • [–] 6 points 2 months ago (3 children)

    Right now, the folks keeping an empty unit for speculation can afford to keep it empty.

    When the less wealthy investors who need to pay a mortgage for their micro-estate empire of 3 units realize the demand is fading, they'll be forced into lowering rental cost and maybe even selling.

    China has seen a ginormous housing value appreciation over decades. The population is shrinking and the correction is happening. It is brutal.

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  • [–] 5 points 2 months ago (2 children)

    Well no, they'll sell to cut their losses. To people richer than them.

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