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

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

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 2 hours 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.