If China finds itself in a major real estate crisis, changes to lease length and allowing foreign investment would immediately right bring back growth and demand. Other consequences ignored.
Although the supply is artificial, there’s a huge supply of dumb money as well.
True. The pipe dream would be that this weakens their authoritarian government, but a more conservative hope could be that it forces them to open up to foreign investment.
I don't think with china's regulatory framework and government's ability to rapidly change housing supply that foreign investment would use it as a store of capital.
Even if you could, the rule of law is nearly absent in china. Your real estate investment could be destroyed by a CPC official relatively swiftly without recourse to you.
Depends on the city. In Beijing, you have to be a resident for 5 years (paying city taxes) before you are able to buy; a rule that enforced for both foreigners and Chinese without Beijing hukou.
Cool, thanks for the clarification. My source was my brother-in-law in Beijing, who I was only half-listening to at the time, leaving me fuzzy on the details.
Although the supply is artificial, there’s a huge supply of dumb money as well.