This article in Forbes on the beginnings of a real estate bust in China used an expression I hadn’t heard in a while, “soft landing.”
Back in the day, I believed the Arizona real estate market would have a soft (but extremely long) landing.
After the 2008 housing price crash, however, the term “soft landing” was abandoned in the United States, kinda like “bitchin'” and “retirement.”
It was fun to see it dusted off and used again.
BTW, the Chinese economy is toast. The real estate bust in Japan in the early 1990’s spelled the end of the Japanese economic boom and the coming Chinese real estate bust might signal the same thing for China.
For the Arizona economy, on the other hand, real estate booms and busts are a local tradition, kinda like chimichangas.