"...Looking at the real estate market alone, it's actually a very good time to buy property. Housing prices in major domestic cities are currently in a consolidation phase where both sales volume and prices are dropping. Once this phase is mostly over and there are some policy changes, it's natural for prices to break through to a new plateau."
Both of them found it hard to believe. "Will housing prices still rise?"
Han Lie chuckled. "Where else is the oversupply of currency going to go? During the last economic crisis, when the Mi Yuan was massively inflated by quantitative easing, we either got fleeced or had to follow suit and inflate our own currency. So now, the total money supply is exploding year by year. If housing prices don't rise, then the prices of daily necessities will—like rice, flour, oil, salt, meat, eggs, and milk. This is because all that excess hot money has to find a place to go. Understand?
