Understanding China, One Blog at a Time

An American in China

China’s Insane Property Prices

Posted by w_thames_the_d on September 19, 2013


China’s communists kick people from their land and then buy it for pennies. They then sell it for millions and get rich. This is why 90% of all Chinese millionaires and billionaires got rich from ‘real estate sales’- ie theft. They are now doing the same in civilized countries- ie buying land.

The impact is that land prices here are crazy high. The same is true for commercial property where rents have risen 30% per year each year since 2010.

One Response to “China’s Insane Property Prices”

  1. gia ao kieu nu

    China’s Insane Property Prices « Understanding China, One Blog at a Time

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