| People keep talking about a burst in California for the last 15 years but if you try to buy a house now you will deeply regret that you didn't buy 15 years ago! dotcom crash, earthquake, 9/11, etc., have not dented the price a bit! Also take a look at London, NYC, Boston, D.C, ...
Even when comparing to the "bursted" Hong Kong, Singapore,Tokyo, the price in Shanghai is still a bargain. Of course, it will go up and down in the short term but if you have an outlook of more than 5 years, I think Shanghai will be in the same league with the other major cities in the world. There is one big difference: no other country has the size of China. Having said that, investing real estate anywhere still requires careful study of quality of construction, quality of management, and location, location, location! You can't just throw money at any Shanghai property and expect to make money! |
Is the Real Estate Cooling Down?