Chinese Investors Driving Up Metro Housing Prices

[whatnext]

Originally Posted by cornholio

I think people taking part in this thread should really go and look at what has hapend in many other parts of the world. Look at Spain, Australia, most of eastern Europe, Mexico, etc, etc. There are so many examples of exactly what will happen here if the government doesnt take action. The longer no action is taken the harder it will be to prevent a crash from happening when action is finally taken, and no action is not a option as this is not sustainable and eventually something big will have to give, an no one wants that to happen.

Of course the extreme irony here is that alot of that money is flowing into our city right now because governments in China are taking action to curtail speculation there. All three levels of government here are simply to spineless to do the same.