Quote:
Originally Posted by FlameOn
The problem with the Chinese real estate market right now is all these high prices are driven entirely by speculation by the rich and affluent investors. It's only a matter of time before the the whole bubble will collapse again because there's no one actually buying the units. Can we say massive recession?
|
The problem right now with China is that the rich are super rich, and the poor are dirt poor. The culture over there right now is to basically do anything you can for the mighty dollar. That's why you see so many quality control issues over there, be it lead paint, or poisoned baby formula. There are no control, and everyone is desperately trying to make it rich.