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  1. Anonymous
    January 8, 2006 @ 6:51 PM

    Professor!–I detect a note
    Professor!–I detect a note of journalistic sarcasm. I saw the same article. Notably, the Chinese are not taking this lying down. There are a lot of very angry people in South Florida too and I suspect Vegas is next.

  2. Bugs
    January 9, 2006 @ 9:52 AM

    A large percentage of their
    A large percentage of their market (similar to that reported in our downtown condo market) included speculators and amateur investors. Of the non-investor types there were a lot of people who were scared into pulling the trigger with the idea that if they didn’t act now they might get priced out. I see a lot of parallels. Their collapse is probably going to be worse as a result of their inexperience with real estate cycles.

  3. Anonymous
    January 10, 2006 @ 3:42 PM

    Don’t the Chinese realize
    Don’t the Chinese realize that real estate only goes up? Perhaps we should send someone from NAR over to let them know.

    Too funny!

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