LONG VIEW: No Crisis of Collateral?

#RealEstate

The Setup:

[…] the real fear for Chinese officials isn’t a fall in the amount of land sold, but volatility in the price of land, which would become a financial-stability issue.

The fear would be a 1990s Japan scenario, where land values crashed, walloping lending—and the broader economy—on the way down. That would be a disaster for China’s investment-driv…