Real estate tycoon Truong My Lan was sentenced to death by a court in Ho Chi Minh City in the country’s largest financial fraud case ever, state media Vietnam Net said.
The one issue I would raise with your analysis is that if things were very different (like all people who wanted a home had one) a second home rented out not to the desperate but people in a transitional state could be a benefit to the community. Think college students who are attending school somewhere they do not plan to live long term, and who prefer not to live in a dormitory. Or people who are staying for a few months in another city for their work or visiting family, where a hotel would be prohibitively expensive.
Interestingly enough, something like 86% of Vietnamese people own their own homes…
In part it’s because 70% of the population are farmers, and if you live in a rural area and pass a test on raising crops the government will just assign you a plot to farm.
I imagine home ownership is also very high in Japan, where they’ve had a negative interest rate and deflation for 25 years. Their housing bubble burst with their aged population explosion and the total population being in decline.
The one issue I would raise with your analysis is that if things were very different (like all people who wanted a home had one) a second home rented out not to the desperate but people in a transitional state could be a benefit to the community. Think college students who are attending school somewhere they do not plan to live long term, and who prefer not to live in a dormitory. Or people who are staying for a few months in another city for their work or visiting family, where a hotel would be prohibitively expensive.
Interestingly enough, something like 86% of Vietnamese people own their own homes…
In part it’s because 70% of the population are farmers, and if you live in a rural area and pass a test on raising crops the government will just assign you a plot to farm.
I imagine home ownership is also very high in Japan, where they’ve had a negative interest rate and deflation for 25 years. Their housing bubble burst with their aged population explosion and the total population being in decline.
Yes, if things were different then things would be different.