March 05, 2013 at 16:04 PM EST
China’s Housing Slaves
You’ve seen the ghost cities before. They stretch across the outskirts of dozens of major urban areas, criss-crossed by empty highways. The rows of modern skyscraper apartments are all sold to absent investors. There’s little doubt these scenes create compelling television… But beyond, the gaudy, empty cities, China is now facing another property-related problem: housing [...] View the full post at: China’s Housing Slaves Related posts: China Works on Its Own Real Estate Bubble Housing: Are We Near Bottom or More Pain Coming? Housing Affordability Index Largest Monthly Drop in Four Years; Market Reached Bottom?
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