> Looking at Asia now is like what the west used to be like.
China has the political will for big projects. China also gets them done, and done fast. Yet China also has a housing problem, much greater than the West.
In China's case, the government deliberately creates a shortage of supply by restricting the usage of land. They also printed money directly into the housing market in 2015 when the housing bubble looked likely to burst. It is not a lack of ability to control housing prices. Instead, they have the ability and does control housing prices, by controlling them upwards.
China has the political will for big projects. China also gets them done, and done fast. Yet China also has a housing problem, much greater than the West.
In China's case, the government deliberately creates a shortage of supply by restricting the usage of land. They also printed money directly into the housing market in 2015 when the housing bubble looked likely to burst. It is not a lack of ability to control housing prices. Instead, they have the ability and does control housing prices, by controlling them upwards.