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China’s Robin Hood housing market

Posted on 28 March 2012

China’s booming economy is giving to the poor and taking from the rich when it comes to housing. Some 14% of both the rich and the poor said they had trouble affording shelter in 2011, according to a recent Gallup survey. That’s a dramatic change for each group in recent years, but the shifts were in opposite directions.
For the poor, 14% is half the percentage of people who didn’t have enough money to afford housing just three years earlier and down from 17% in 2009………………………………………..Full Article: Source


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