23.06.2009 - Taiwan: The real estate bubble born of an enduring misunderstanding

From Taipeitimes.com: There is a lot of misunderstanding about home prices. Many people all over the world seem to have thought that since we are running out of land in a rapidly growing world economy, the prices of houses and apartments should increase at huge rates. That misunderstanding encouraged people to buy homes for their investment value — and thus was a major cause of the real estate bubbles around the world whose collapse fueled the current economic crisis.........Full Article: Source

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