"I am from China and I am shocked by the real estate bubble in China. Housing in China now is more expensive than in the US, while salaries are way lower than in the US. Housing is out of reach for most wage earners, and more than 80% people in the past year bought houses as an investment."


CrisisMaven at 09:11 2010-04-04 said:
Thanks for sharing, I had a llok at Mish's original post with the ten signs of Chinese investment mania and it is truly convincing. will quote in my ongoing analysis of the Chinese situation http://crisismaven.wordpress.com/2010/02/13/bloom-of-doom-vi-will-china-survive-the-crisis/. Permalink

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