30.12.2009 - Housing bubble threatens China's boom
From Theglobeandmail.com: The young couple had just finished another disappointing round of house hunting when Sun Chun turned to his wife with more bad news. Their real-estate agent had called to say that an apartment they liked had been sold, but not before the price jumped dramatically at the last instant. “Are they crazy? How come the price rose so suddenly?” Mr. Sun asked as his wife's eyes widened in disbelief. “Right now, it is still us who are selecting the house. But it won't be long before it is the house selecting us.”.........................................Full Article: Source
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