[quote=jimmyle]Eventhough home prices in China might go down significantly, you won’t see people walking away from their homes like in the US simply because at least 30 percent of the purchase price is required for a down payment and 50 percent for the purchase of a second home.[/quote]
And since most developers and local governments use the bank’s money to play the housing bubble there. Expect it to hit the real economy from the banking side as well through just a different way…
