I mean, it’s honestly kind of ridiculous to suggest that the proper answer to “too many Chinese buyers are holding empty apartments in our country as a store of value” is “remove the state’s monopoly on the enforcement of property laws” instead of the far less difficult and less likely to break every thing “change the laws so that so many housing units can be built that holding these empty apartment buildings is no longer economically sensible.”

The number of empty housing units acting as a real asset store of value for Chinese money fleeing capital restrictions is also probably quite small relative to the market size, much like those expensive apartments in London that people were complaining should be socialized, even though in practice it wouldn’t make much difference in the price.