Real Estate Market Dynamics: US, Japan, and China

This chapter analyzes the current dynamics in the U.S. real estate market, emphasizing the indicators of a potential bubble despite weak sales figures. It contrasts the historical and present situations in Japan and China, highlighting the lack of consolidation in Japan's market and the severe financial distress faced by Chinese developers amid a significant construction boom. The discussion offers insights into the impact of government policies, market consolidation, and the complexities of capital access in shaping the future of the global real estate landscape.