Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
This can’t continue much longer. If sales decline continues, home prices will also decline. We are in a transition period. The natural balance between demand and supply will always win out over time.