“I Won’t Invest in China’s Real Estate”

\"I cannot see clearly when the real estate bubble in Chinawill burst. However， there is certainty that housing prices willswiftly fall， and China can learn the lesson from the 1980s' realestate market in Japan\" said Professor Robert.J.Shiller， \"I don'twant to put my judgment as a foreigner on the Chinese people，however， the housing price is obviously too high in some bigcities. My suggestion is that since income is in an overall down-ward trend， the housing price should be much lower. Althoughincome will grow as time'goes by， the value of Chinese housesshould not reach that of London and New York for another 20 to30 years. Currently， the soaring housing price in China is like abubble. Personally， I will definitely not buy or invest in propertyin China.\"