Housing Bubble, Deflating

May2

Leaked Recording Reveals True State Of Chinese Housing Market

Since the U.S. does business with China, anything done economically on a large scale can, and most probably will affect the U.S. That is why in my opinion, I think it’s important to keep an eye on China.

From the article:

The numbers of flats and houses for sale has suddenly doubled. “Many owners are trying to get rid of high-priced houses as soon as possible, even at the cost of deep discounts. As a result, ordinary people who want to sell homes in the secondary market must face deep price cuts,” he said.

http://www.zerohedge.com/news/2014-05-02/leaked-recording-reveals-true-state-chinese-housing-market

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Posted May 2, 2014 by Sue Says in category Economic News

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