> Where and who did you get this idea from? Speculation in China makes speculation in the USA look like child’s play.

This information is so out of date it borders on misinformation. China's real estate market "crashed" at least 5 years ago at this point. And it didn't just crash in the same way that, say, the Toronto condo market has crashed. It crashed because the government burst the bubble, deliberately, to make housing a priority not an investment. Put another way, like I said above, housing people was made a priority over investor returns.

> HSR isn’t used for commuting in China

China's HSR now has over 4 billion passenger movements a year [1]. It's largely an alternative to short=to-medium distance air travel eg Beijing to Shanghai is ~1200km, roughly equivalent to Chicago to NYC. What's commuting got to do with it? Are you comparing to Japan where people might live 2 hours commute away from work for various reasons?

[1]: https://www.chinadailyhk.com/hk/article/626494

▲

Herring an hour ago | parent [-]

No, it’s still crashing. Still plenty of room to go very badly.

https://www.atlanticcouncil.org/blogs/econographics/chinas-p...

▲

jmyeet an hour ago | parent [-]

First, I never said the crash was over.

Second, this is a good thing. It is a success not a failure. I mean it's bad for the investors but China has decided people having affordable housing is more important than the investors. The investors aren't being bailed out.

Why is this a good thing? Because the only way we can correct Western housing markets at this point is by doing what China has already done. That is, crashing the housing market. And that is political suicide so we are where we are and it's not going to get better anytime soon.

	▲	seanmcdirmid 33 minutes ago \| parent [-]
		How is “speculation leads to crashing” mean that China is over their speculation phase? It took Japan a decade after their bubble to pop for them to completely detach from property speculation. China is basically Japan 2.0+ in this regard. Hopefully it lands at a Japanese equilibrium where property is priced more sanely, but they are definitely not there yet. My family owns a villa in a tier 88 (at least it has a HSR station and an airport now) so I have skin in this game.