[dash2]

Yeah, and allegedly the super-efficient government controlled system has built on the order of 4 bn houses for 1.5 bn Chinese. This might be the largest and most costly housing bubble in history, and I believe it happened partly because China is terrified of letting its banks fail. If you think the "Greenspan put" is a thing, just wait till you hear about the PBOC put.

[scotty79]

It's a proof that "just build more houses" will never work as a solution to housing problem. Investors are simply insatiable.