Mate can see why you have come to this opinion but a bit of fact...

Mate can see why you have come to this opinion but a bit of fact checking finds a slightly different story. It’s not 3 billion houses, it’s property to fit 3 billion people. Big difference. Does this still mean there is an oversupply? Sure does! But looking a bit deeper on the level of oversupply and you find this figure is produced by He Keng. These estimates he makes are based on average dwelling size and population. This is in opposition to the official statements of both the central governments and banks. They are suggesting China is in the grips of a recovery, with an increase to demand and pricing. The other issue with this is the fact you are simplifying the demand cycle without paying and credence to emerging markets.

Thankfully not all markets are determined by the fact someone is occupying them. Not many people are living in their bitcoin wallet, yet it is used as a commodity for trade. No difference to the Australian market where we have plenty of empty dwellings, yet a lack of accomodation. Thanks for taking the time to read an alternate view on the matter.