from epoch times........
"Andy Xie, former Morgan Stanley “star” chief Asia-Pacific economist, has been warning about a real estate bubble in China since 2002 and predicted that China's real estate market will collapse in 2012.
All the conditions for a real estate collapse in China seem to be in place: there’s a glut of unsold homes, prices are ski-high, andmoney supply is tight"..............READ MORE
This is because of high prices that lead to collapse the real estate market...
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