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Thread: Is this idea stupid?

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[quote=GUEST43239,358909]Maybe the Chinese will have to follow the example set in Japan.They will have to start living in apartments the size of closets because it's all they can afford.I know space is a major reason why Japanese apartments are so small but I'm sure price has something to do with it too.I have already seen apartments as small as 18 sq meters for sale In China.
 Property values in China are whatever the developers can get away with.Government watchdogs do not exist or give a blind eye to real estate values.After some  investigation into vacant land leasing fees.I have found that developers are leasing land for as little as 500CNY/meter then putting up an apartment block at 1000-1500/meter =1500-2000 CNY/per meter total price of developement.Then turning around and selling them as Jimmyb says, for as much as 40,000 CNY.That would be a profit of 40,000 - 2000 = 38,000 CNY. I don't think the U.S housing market boom/inflation even came close to this. 
 Real estate prices should be geared to what the market can handle and the market definately cannot handle these kind of prices.The "bubble" is ready to burst at the seams and when it blows, it's going to come down hard! Hang on to your money Jimmyb your day to buy is not far away.[/quote]

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