China's Housing Boom Spells Trouble For Boyfriends

Remember what happened to the US economy when `housing' prices got out of hand? Well, this is the story in China now:
Mike Zhang considered himself serious boyfriend material. He knew what to order at an Italian restaurant. He could mix a tasty margarita. And he always volunteered to carry his girlfriend's handbag.

Then came the deal breaker. Zhang, a 28-year-old language tutor and interpreter, couldn't afford an apartment in the capital's scorching property market.
Rather than waste any more time, his girlfriend of more than two years dumped him.....

A typical 1,000-square-foot, two-bedroom, one-bath apartment in the capital now costs about $274,000. That's 22 times the average annual income of a Beijing resident.

Unlike in the United States, where home buying traditionally takes place after marriage, owning a place in China has recently become a prerequisite for tying the knot.

And, what happens when that `bubble bursts'? The Barf will hit the fan for sure - the Stew is about to reach boiling. http://www.latimes.com/business/realestate/la-fi-china-bachelor-20100621,0,6167359.story
Read More Here:
Suburban Beijing: Housing and Consumption in Contemporary China


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In Atlanta, we see ads for the Florida beaches all the time - right until this week for sure. However, this is the current reality on one of those beaches "mommy get this off of me"



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Now, please take the time to turn a friend of yours on to Barf Stew - thanks.