Why China's Property Bubble Has 'Reached A Tipping Point'

``This is not the first time China is facing a property bubble. But one thing makes this time around different -- unregulated lending... "Now, we believe there are more buyers using the maximum available leverage," he says. "For homebuyers, it is easier than ever to get mortgages But more important, McCord adds, the downpayment itself is today often being financed through peer-to-peer lending channels.'' ''