real estate investor
August 5, 2008
Dropping property prices after an unrealistic boom period are causing small speculators issues in China
“When the real estate sector was booming, every morning, the first thing I did was to think how much I’d earned. Now, the first thing I do is think how much I’ve lost,” says Liu Bin, a Shenzhen real estate investor.
“I’m in a very awkward situation. All I can do now is to rent rooms out for the money to pay bank loans.” Liu says.
