Trying to make sense of a weird world - and maybe make it a little better
Friday, January 17, 2014
Perspectives on Property
The Pro-China Morning Post has a talent for quoting from "experts" whose opinions are at variance with those of any intelligent observer. Of course analysts and property consultants welcome the chance to make money from the despoliation of Lantau Island; those who care about Hong Kong's environment shudder at the prospect. No doubt the same analysts are wetting their knickers in alarm at the empty shops in Causeway Bay; the rest of us hope this presages more affordable rents that will no longer drive out businesses serving local needs in favour of those purveying overpriced tat to mainland tourists.
I have tended to oppose the government's curbs on the property market on the grounds that they have made it harder for existing owners to sell while doing little to assist new market entrants to buy. However, if they help to delay the erosion of one country two systems - which is what "closer integration with the mainland economy" really means - and reduce the flow of additional unwanted immigrants into our already overcrowded city - then I might be persuaded to change my mind.