what you say is definetely not trueBiegeToyota wrote: ↑May 14th, 2017 7:56 amHow about this?
For the first time in hundreds of years thanks to information technology more and more people are becoming aware about the real value of money. Asians don't invest in real estate because they are stupid, but because they have been screwed over many times over in the past. You can argue as much as you want that real estate is not a safe investment, but to many it is the safest investment available. They also like gold for the very same reason, although gold does not give steady returns until after the fact.
I come from a country that had a decade long war (Yugoslavia) and 2nd highest hyperinflation after Zimbabwe. Even then the real estate did not lose any value (at least in the biggest cities) before or after the war,
high inflation always decreases real prices as credit becomes unavailable
during hyperinflation real prices can easily go down 90% as most of income will be diverted to fool and utlities. Some properties might go close to zero in real term (although nominally sharply higher)
any pick up in inflation and real prices will collapse even in Canada
Asians definetely have no idea about value of money. They will be stripped by westrners from their new found wealth as usual