Cause for concern - Chinese Home Prices are crashing!
Take a look at:
Chinese home-buyers in big trouble, with huge crash in housing prices - Chinese home prices have apparently gone up by 155% over the past decade. And now, in certain pockets, the prices are coming down by 20-25% virtually overnight!
Apparently, the pace of the crash in real estate prices in China is even worse than what the US experienced during the sub-prime crisis. And, interestingly, there are several chinese cities where as many as 70% of all apartments are empty.
Scary, indeed. Take care!