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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (53821)	9/29/2004 11:46:25 AM
From: Taikun	Read Replies (1) \| Respond to of 74559

Is his assessment accurate? Sounds odd. With hundreds of millions migrating to the cities are they finding work? Are the apartments occupied? This reminds me of my hometown of Vancouver Canada where condos are among the highest priced in Canada-up there with Toronto, a much larger economic center. Drive through the city at night, though, and the lights are out on 90% of the apartments (these numbers are corroborated regularly in the local press). The economic base does not support the apartment boom. Indians and Chinese own these apartments as speculative investments or maybe their own personal 'Plan B'. During the Asian crisis and after the HK handover that turned out not to be the end of the world, the housing market in Vancouver was quite soft for awhile.