Poor housing outlook not deterring land buyers

[freedom]

Have you considered the risk that the foreign developers could just go away when there is not going to be enough profit and even the properties are just half way? Who is going to clean up the mess?

If I extend your thinking a bit further, subprime was the best economy model because the poor also could get a cheap loan and a house. Do you agree?

what happen to free market and competition? If they cannot compete and fail, so be it. No one should become too big to fail, and definitely get no bail out.

No one is saying anything about no free market or competition. Local market does have competition. And if you think the return is good enough, why don't you start a property development company and compete with existing players? No one has stopped you from doing it.

This is not about too big to fail, but orderly market. Being cheap does not necessarily make everything better. As I said earlier, subprime offered cheap credit, everybody knows what happened thereafter.

Or putting it in another way, are you enjoying the cheap labor the government has imported? Every coin has two sides.