Thursday, Mar 11, 2010
Inspired by Dubai?
New York Times: Market Defies Fear of Real Estate Bubble in China
"Whether the country is in the middle of a bubble has become the subject of a debate. Some economists ... say the housing boom is being propelled by a huge urbanization push that is creating premium-priced houses.
Other analysts say prices are being propped up by greedy developers and government policies that are making housing increasingly unaffordable for the masses migrating to big cities. "
Posted by rumble @ 10:47 AM (281 views) Add Comment
1 Comment
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1. Ken Gilmour said...
Forty five million dollars - is that all? Where else could you buy that much bad taste so cheap?