|
|
|
China's housing bubble popped?
- Thread starter Glen
- Start date
cdr108
Senior Member
Go to CHARTS and click 5 years to see it.
Glen
Senior Member
TKTKTK
Senior Member
it wasn't so much a housing bubble as it was an Olympics bubble. I wonder if Vancouver will see something similar.
Urban Shocker
Doyenne
Some official on British TV said last night thinks that the London Olympics will lift the country out of the present housing slump - that shows how desperate they are.
Glen
Senior Member
Here is an interesting piece of information from CBRE. Between 2005-2009 the amount of office space constructed or under construction in China has equalled 26.6 billion sq ft. For some perspective the labour-force is 800 million. Even if 70% of the labour force worked in offices that would mean that since 2005, 47.5 sq ft. per person of space has been constructed (or under construction).
Bubble.
Bubble.