Very low rental yields (often 1% or lower) in expensive cities like China indicate exuberant bubble-like behavior, because rental yields should align with property prices over time given the asset's risk profile.

causalpending

Speaker

Michael Bird

Evidence Quote

rents in most of these really expensive cities are astoundingly low Yeah, okay. uh relative to the price of housing. So, the rental yield you get as an investor is, you know, it's often sort of 1% or lower.

Source

How Land is the Lynchpin in the Global Banking Systems | Interview: Mike BirdThe Dispatch
Created: 8/11/2026, 7:18:57 AM

My Notes

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