China and the next Real Estate Bubble

We all try to stay ahead of the fray. People speculate on when certain industries, fads, and even traditional products will meet their Tulip Mania artificial expansion that always precedes a ‘bubble burst’. In the late 90’s and into the new millennium, it was not difficult to find someone who was willing to say, “The real estate bubble will surely burst; it is just a matter of when.” Well, as we all know, ‘when’ occurred in the United States around 2007 and early 2008 when non-credit worthy Mortgagees (Borrowers/homeowners, etc.) started defaulting en-mass on subprime mortgage loans. The rest is of course history.

Might I chime in and offer the next Tulip Mania looming over the beautiful blue planet Earth: China’s real estate market. Ha! “Market” –if you can call it that.

Please enjoy the following Dateline video on China’s ghost cities:

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