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Hong Kong property: Did you see the crash coming in 1997?

Posted on 24 June 2011

Human being is not particularly good at learning from history. Either we haven’t lived long enough to live through every moment of it, or we just forget what we have lived through.
The terrible property crash of 1997 led to almost 70% drop of home prices in nominal terms for 6 consecutive years. Today, many analysts are still very bullish (with Andrew Lawrence as the early exception), and are trying hard to explain why property prices today can’t drop, and how much healthier the market is today relative to 1997………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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