Quote:
Originally Posted by chowhou
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These announcements are just hot air. There are no skilled trades people to build to these additional numbers and no financial incentive for construction companies to build them in the current economic macro climate.
The only way politicians can
actually do something about housing is by seriously limiting demand. Supply side cannot be addressed to fix the problem.
Most likely scenario is though that our crisis will come to pass as a result of China's property crash. It will take some time for its repercussions to cause a bust here as well, but it is coming. That, or a magnitude 9 quake, whichever happens first.
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