Reason #8 Shanghai Real Estate is the Most Obvious Bubble Ever

by Alex Stenback on January 19, 2010


Whether you are still smarting from the after-effects of the middle 2000′s real estate binge or you saw The Bubble coming from a mile away but did not get your once-in-a-lifetime billion-dollar short-bet down in time, take heart.

There is still Shanghai.  Which has such an obviously nutty real estate bubble going that people are literally burning themselves (!!) (!!!!) to protest the rapid development.  And you probably don’t live there.

Of course, self-immolation is only reason number 8 (of 22!) on Business Insiders list of why Shanghai Real Estate is the Most Obvious Bubble Ever.  Read the whole thing – it is harrowing stuff.

Update: And, by the way, since 2008, prices have increased 68% and new mortgages issued increased 1600% (link via Kedrosky]

Source:
· Why Shanghai Real Estate is the Most Obvious Bubble Ever
[Business Insider 13 jan 2010]

Leave a Comment

 

Previous post:

Next post: