27.10.2011 - Chinese property market bubble: The problem in reverse
Financial Times ran the story on Chinese property developer Vanke warned that prices and volume will fall. And that, of course, will have serious consequence to the economy, both domestically and globally, if hard landing happen, which is still judged to be likely here. But letís put that aside for a second. The recent price cuts in various cities have triggered some protests by homeowners who have bought their properties some time ago, finding themselves now losing money as prices fall. One can consider the social aspect of this kind of behaviours, and imagine that if prices fell even more, there could be a problem...............................................Full Article: Source
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