Exactly. China's baby boomers are retiring just like ours are. Over 70% of their retirement investments were in real estate as that is how they were forced to invest by the Chinese govt. They have 1.5 - 3 BILLION never occupied condos. Their value will be nearly worthless. How will the Chinese retirees ever hope to survive on nothing from the bulk of their own investments?
Their economy is tanking. Their demography is in free fall. They've stopped collecting data so no one knows how bad things really are.
Soon, we (and everybody else) won't have a choice to decouple. It'll be forced down our throats.
Regards,
Doug
PS - In comparison the US has about 15.1 million vacant homes as of about six (6) monthes ago. (https://usafacts.org/articles/how-many-vacant-homes-are-there-in-the-us/)
