
Rate Of Return
CommemorativeIf the economy doesn't continue to deteriorate, the rental yield of many properties in Shenzhen has already reached 2%, which is much better than bank deposits. Many people have recently expressed the view that property prices in first-tier cities have bottomed out. I still say that economic deterioration is not an 'if', it's inevitable. Many people are bullish because it's expected, or because they need to make a living. Surviving is understandable, but if those who listen believe it, they're just plain stupid.
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