real estate - The first signs of a crisis
This morning I saw it for the first time in Xujiahui, Shanghai: real estate agents in front of their office poaching potential clients. It reminded me of scene I have seen in Hong Kong in the years after the real estate collapsed and hordes of agents would populate the streets surrounding new projects.
It seems that the real estate bubble at the top-end of the market is in the process of bursting. Keep your eyes open, and those with more than one apartment: start praying for a short crisis.
1 comments:
Apparently this bubble is much larger then I thought.
The market has collapsed in England and it is in the process of collapsing here in America. I have a very informational page you may view at:
http://www.mossback.net/bubble.htm
Thanks for the post opportunity and the reading.
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