Most definitely. The value of the condo I live in has tripled in the past five years. This bubble has to burst sometime.
It could get pretty ugly. It will be impossible for China to avoid the bubble effects as it has affected every nation. It is my impression that it would just take one well-timed bubble bursting to wreck their economic miracle.
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China is on the cusp of a precipitous housing bubble
Most definitely. The value of the condo I live in has tripled in the past five years. This bubble has to burst sometime.
Most definitely. The value of the condo I live in has tripled in the past five years. This bubble has to burst sometime.
It could get pretty ugly. It will be impossible for China to avoid the bubble effects as it has affected every nation. It is my impression that it would just take one well-timed bubble bursting to wreck their economic miracle.