Your conclusion could be right, but not your reason.
In the small city in China, the house price does not have much bubble (or no bubble at all). People in those cities pay cash for their house (no loan). Holding house does not cause anything. If the price is not good, they can simply hold it. Also, the majority people live in small city or countryside need house to live. I do not expect huge price drop in small city in China.
My feeling is that USA export inflation to China which will support the house price a little.
Your conclusion could be right, but not your reason
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I am respectfully disagree.
-planotx-
♂
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11/13/2009 postreply
06:40:40