a lot of people with money already have 2, 3, ... units

来源: 于 2010-09-07 10:03:16 [博客] [旧帖] [给我悄悄话] 本文已被阅读：次

of housing, that is like a dam holding huge amount of water, once a crack is found, you can imagine the rest.

Maybe RMB will depreciate fast so the nominal price of housing in China will not collapse, current housing price level definitely acts like a heavy tax on China's economy. It is acting like cancer cells.