Any one care to guess how much did our real estate prices spike during the "boom days" leading up to the sub-prime mess? Here is a graph from Wikipedia showing you the price spike:
The price index went from year 1998 or so, at just over 100, to 185 at 2005. That is roughly 80% increase. (see the original wikipedia article), in about 7 years. Right?
Guess how the real estate prices in China is doing?
This is from Feb 2007 to Feb 2010, a mere THREE years, 60% increase. Their real estate bubble is growing much faster than the rate of our bubble.
Will they CRASH EVEN HARDER THAN US?