China Puzzle
According to the China bulls, the 60 million residential units under construction there right now are needed, desperately needed, for people to live in. If that's true, then there must be a market price signal that these new units are needed and will be worth more than the resources used to construct them. In other words, the rental yield on existing Chinese residential units should be high.
Why, then, don't we ever hear about attractive opportunities to own Chinese rental property? Is it because vacancies would be a challenge in places where the home ownership rate is above 100 percent?
Posts
1 comment:
Robots will desire at least one million rental units in the future! Every robot needs a home and they just aren't making any more land!
Foxconn Might Assemble Your Next Smartphone in Indonesia—Using Robots
“We have over 1 million workers. In the future we will add 1 million robotic workers,” Gou told investors at a shareholder meeting last year. “Our [human] workers will then become technicians and engineers.”
How many actual human workers will Foxconn hire as technicians and engineers? Any guesses? Purt me down for at least two, but no more than a million, lol. Sigh.
Gallows sarcasm.
Post a Comment