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RE is so investment driven these days, 20% in 9 months?, it's such easy money, and a great way for banks to suck money when the properties eventually fall into the hands of an owner who just wants to live in the damn thing. It's so driven by speculation, I've seen swamps with RE sign in the swamp, here come by this swamp in this here flood plain. Lots of stupidity, greed, and for many people I know, you don't own one property, you own several.
http://www.todayonline.com/Business/EDC121030-0000022/HK-real-estate-shares-tank?source=Patrick.net
#housing