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how about the skyrocketted housing price in cities across China? [Copy link] 中文

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Post time 2008-6-2 20:18:48 |Display all floors
how about the skyrocketted housing price in major middle and big size cities across China?
how about its tendency? will it go collapsing or further booming?

[ Last edited by pegasus01 at 2008-6-2 08:20 PM ]

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Rank: 6Rank: 6

Post time 2008-6-2 20:22:50 |Display all floors
please give more attention to real-estate industry, housing price and housing supply, which is very relative basic interests of the majority.

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Post time 2008-6-5 20:28:24 |Display all floors
pepole are yelling outcry over this issue around, but there is no echo herein, don't you feel eerie?

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Post time 2008-6-5 20:53:45 |Display all floors

Reply #3 pegasus01's post

I think that all Chinese people are more than just a little anxious over the cost of everything in China these days, housing being a primary concern but food and utilities being of more interest because those things are necessary for existence. Inflation is hurting everyone that I know, in China, these days.

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Post time 2008-6-5 21:20:25 |Display all floors
as real estate overheated for decade-long, great deal of bubble pops up, housing price is obviously freaky enough to majority mass on basis of their buying capability, but the freaky trek is still ongoing way to roar up. it can be expected a picture when it comes to burst someday. oops

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Post time 2008-6-5 21:43:41 |Display all floors
I think inflation is hurting most people around the world at the moment isn't it. Food prices, petrol prices, energy prices and water prices are going up everywhere. All while wages are remaining static.

House prices in Britain have gone up, over the past 10 years by over 150%! Wages have not matched that rise, not even close. Something has to give and over here it is a combination of first-time buyers not being able to afford property, the credit crunch forcing banks to stop lending and ultimately, a realisation that the market is vastly over-valued.

House prices are losing roughly 2.5% of value each month now.

The big worry for many, including the British government, is that the fall in the housing market will have a knock on effect and expose the British economy for the buy-now, pay-later sham it is. Repossesions are rising month on month as homeowners cannot afford to keep up with repayments.

Partly that is due to the rising costs of everything else, but mainly it is because people took on far too much debt, through greed, naivety, mis-selling or whatever, simply to 'get on the housing ladder' or just to buy lots of stuff.

We're about to find out that we're not as rich as we thought we were. Well, many are anyway. Those of us who didn't get taken in will be alright. As long as employment holds up that is...

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Post time 2008-6-9 15:42:46 |Display all floors
what's more about bubble burst story?

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