In time, everything disappears, Nip, even the rocks. The question is: how much time. And there is no historical precedent for this current multi layered RE market dynamic. As far as the Chinese go, I've learnt to never underestimate them, so any effect of Evergrand and their subdued economy could already be priced in, or not as bigger deal as it seems, or redeemable. Again, not saying you are wrong. Shit on a stick could arrive on our doorstep at any time, but the when could be years away.
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In time, everything disappears, Nip, even the rocks. The...
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