Sunday, Dec 13, 2009

Postcard from China

Yahoo: Young Chinese groan at skyrocketing property costs

A textbook description of a housing bubble in China: "concerns are rising that property bubbles are building due to speculative investors, amid rumours that a large portion of the government's 586-billion-dollar stimulus package has been channelled into asset markets." The symptoms and the causes will be instantly recognisable to regular blog readers.

Posted by quiet guy @ 03:19 PM (1129 views)
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1 Comment

1. dbc reed said...

"decades of 'so-called mortgage slavery' " is putting it with excessive timidity surely?.
In the Orient,they are less angst-ridden about Land Value Tax which they slap on without a moment's hesitation.

Sunday, December 13, 2009 07:27PM Report Comment

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