KS> I watched it a couple of days ago . That is quite an interesting video
KS> which synthesizes a lot of the sporadic info I have come across
KS> regarding China's realestate collapse and their demographic collapse.
KS> I did not realize how heavily Chinese families were investing in
KS> realestate. I though it was just the local governments.. the whole thing
KS> (as described by the video you linked) sounds like a giant ponzi scheme,
KS> one that has collapsed quite spectacularly.
KS> That gotta hurt & its hardly surprising that Chinese families are not
KS> willing to spend more than they have to.. which is going to make
KS> I really wonder how they will pull themselves out of this mess.
Especially when there is an almost religious aversion to consumerism. It's like
they get stuck in a death spiral.
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