Uncategorized

China’s Real Estate Bubble

It is like deja-vu all over again! See this Yahoo article with accounts of buyers paying more and more, and maxing out their credit to buy as fast as they can before prices go out of reach. This is startling to read in light of what has happened here.  Unlike in the US, Chinese government has been raising interest rates, increasing bank deposit requirements, and increasing down payment requirements for investors to 40% in hopes of cooling things off.