What The Average Zhou Thinks Of China’s Housing Bubble: “Only After War Breaks Out, We’ll Be Able To Afford It”

by Tyler Durden
ZeroHedge.com
03/11/2016

“[the empty homes] belong to the real estate speculators, the hoarders and the corrupt officials… It’s just a game for the rich! Beijing isn’t a livable city at all. The price makes it off-limits. It’s also a food chain: Only the richest and most capable people can live here… The housing market is part of the bubble economy. In 5 years or so, after a war has broken out, then the middle class will be able to afford a home.”

The Rest…HERE

This entry was posted on Saturday, March 12th, 2016 at 10:17 am and is filed under China, Economics. You can follow any responses to this entry through the RSS 2.0 feed.