Monday, March 4, 2013

A house is not a home untilit becomes affordable





Property prices are one of the hottest topics in Hong Kong these days. Everyone seems to have a strong opinion, although many have lost sight of the real issue.


There is nothing wrong with the real estate industry growing in an international city like Hong Kong. And there should also be nothing wrong with the level of property prices - whether in the current uptrend or in the downtrend during the Asian financial crisis.


Hong Kong has been proud of being a free market for generations, and that is one of the things that makes the city different from the rest of China.









via Business feed http://www.scmp.com/business/article/1173843/house-not-home-untilit-becomes-affordable

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