Thats why even if there are empty homes or visit their website low rental returns in some cities, home prices can still keep going up, Liu said. Wang Jianlin, Chinas richest man and owner of closely held Dalian Wanda Group, the countrys biggest commercial land developer, is seeing an overheated real estate market. The property market is definitely in a bubble, though it is controllable, not big, Wang said in an interview on Sept. 11 ahead of the World Economic Forum in Dalian, in the countrys northeast. Costliest Cities Michael Chang , a 33-year-old investment manager in Shanghai, doesnt buy that argument.
For the original version including any supplementary images or video, visit http://www.bloomberg.com/news/2013-09-15/no-confidence-in-china-markets-inflates-housing-bubble.html
And a county agency that was not paying enough attention to the people who need it most. In the wake of the embarrassing slumlord scandal, big reform is promised. Homeless Recoverys manager quit. The agency is now under the Affordable Housing Office. There are promises of policy change, oversight and an audit. Its a start.
For the original version including any supplementary images or video, visit http://www.miamiherald.com/2013/09/16/3630322/how-a-housing-scandal-happens.html