And you thought the U.S. housing bubble was bad

Discussion in 'Politics' started by Max E., Mar 6, 2013.

  1. Max E.

    Max E.

    Great piece on 60 minutes on the Chinese housing bubble, they literally have ghost cities the size of Manhattan full of empty skyscrapers.

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  2. I saw that. Billions and billions spent just to prop up their market. I doubt that several hundred million Chinese citizen investors are going to sit quietly while their real estate investments go belly up. They bought these apartment/condo's at very infalted prices, and like their American counterparts are now underwater in a big way.
  3. I wonder if there is bk option?