Hong Kong housing price won't go down unless US Fed shrinks balance sheet

Since the tumble in 2003 the housing market in Hong Kong has bounced back from the trough and skyrocketed over 300%, while GDP of the city has merely grown less than one third of that. Owning an apartment is now a far fetched dream for younger generations. This has led to a multitude of consequences from lower birth rates to the rise of extreme political powers, undermining the govenerning authorities status quo.

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