China's September Home Prices Rise

[Guest Tony n Terrific]

China maybe building a house of cards like we did from 2003-2008.

 

http://www.bloomberg.com/apps/news?pid=206...id=aOSMbXJK0DQs

 

{edit} changed "China’s" to "China's" in topic title.

Edited October 15, 2009 by dnoblett (see edit history)

[Tony_onrock]

Yes. Price is still going up but volumn is going the other direction. The rising trend should stop and we may even see some downward correction as the banks' lending quota for the year are used up and will not lend as freely as before and the developers and contractors feel the cash squeeze before the Chinese New Year.