Friday 16 December 2011

Cause for concern - Chinese Home Prices are crashing!

Cause for concern - Chinese Home Prices are crashing!

Take a look at:

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!

Regards,

N


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