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Thread: China's economy to grow slow in 2008

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[quote=APAULT,265109]The issue is that rsufficient esources of all types are not available in the quantities that are needed, so supply and demand interaction means prices will rise.  That price rise reflects an inefficiency caused by trying to invest beyond the nation's capability.

The housing price is inevitable.  There is such a backlog of demand that just needed money and confidence to make it a reality.  Hoouse prices are NOT unaffordable in a market sense, because people are prepared to pay that much.  If the goverment introduced a system to restrain prices, property owners would find people offering over the set price.  Or if really strict laws were put in place, sellers would decide to wait so they could get the full value.

That you and other young people cannot afford to buy a house is a totally different issue.  We have the same issue in most countries.  probably just as much now as when we were poorer.  Some governments in Australia have offered a toatl of $14,000 to first home buyers to help them.  STUPID!  As people could afford more while the number of house for sale stayed the same, house prices immediately went up by $14,000.

Welcome to the market economy![/quote]

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