You don't need Econ 101 to know that the greater the supply, with a steady demand, the less the price. Well in China they are bucking all the supply / demand rules. Housing is a topic often discussed at dinner parties (I really don't know if thats true since I don't go to dinner parties) especially after going through the last three years (raise your glasses to the 2nd anniversary of Lehman Bros collapse and the assimilation of Merrill Lynch). Because of the prolific housing market talk espoused by talking heads on the ole TV and the various bloggers using the written word to deride and debase the USA's housing market, most are somewhat aware of the demand housing speculators played in the meltdown of 2008. Apparently China needs to allow more words and visions (as in Tele, not as in psychedelic mushrooms) to penetrate its airspace so the 2nd, 3rd, 4th, etc. home buyers learn from our mistakes. When you have rising prices and skyrocketing supply somethings gotta give.
See more here.
No comments:
Post a Comment