Written by Jim the Realtor

March 3, 2013

The looming real estate crisis in China, from 60 Minutes:

4 Comments

  1. Booty Juice

    Could be. Chanos went short 3 years ago and predicted the collapse would happen in ’10. Maybe it’ll happen this year.

  2. tj & the bear

    Could be??? This is a nuke on a timer, but nobody knows how many ticks are left.

    At least the Chinese haven’t yet experienced a burst bubble and thus have an excuse.

  3. avgjoe

    I saw the program last night. I think bloggers have been talking about this for years. Building for the sake of building. The parties seem to last longer than you think.

    Markets can stay irrational a lot longer than you can stay solvent!

  4. sdduuuude

    “Markets can stay irrational a lot longer than you can stay solvent!”

    Need to change your name to aboveAverageJoe cuz the avgJoe really doesnt understand this. 🙂

    One of my favorite sayings.

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