Re: Dani Rodrik on Chinese Billionaires, real estate, manufacturing, and rent




"sinister" <sinister@xxxxxxxxxxxxxx> wrote in message
news:FtednSVlsYrzoJLanZ2dnUVZ_jmdnZ2d@xxxxxxxxxxxxxx
http://rodrik.typepad.com/dani_rodriks_weblog/2007/10/chinas-billiona.html

<snip>

Note for example this comment after the blog post: "Lots of good comments
but my question is what value is the property owner creating and how does
the market reflect that? People complain that finance speculators earn lots
of money with little actual added value but it seems property owners are the
worst of the lot."

Yeah, it certainly _seems_ that way. I wonder if it's true, and whether
anyone has looked into this? (LOL!)


.



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