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Thread: Will the economic crisis attack China over the next FIVE years?
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[quote=PYGRANT,425421]I think China may face an economic crisis due to the housing issue. Just as in the US, people are buying houses purely as investments. As in the US, the houses are being sold higher than they are really worth (for instance, in investigating buying a house in Guangzhou, I noticed that housing prices are much higher than what you can get for rent). The rate of return on rental properties is aprox 3.7 across the major cities in China: usually 6 to 7 percent indicates that the property is realistically valued. I've decided to rent until housing prices come down, as the rental prices are much more reasonable. For the sake of China's economy, I hope the housing market comes down gradually and sanely, but there's no guarantee.[/quote]
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