China is inflating real estate bubble…a bubble far greater than the one that burst in the United states in 2008.

The central government sets a GDP target…and the easiest way to do it is just to build.

They are building expensive homes with no buyers…kind of a shovel ready stimulus project. Here in the U.S., we just spend trillions on nothing. It’s hard to say which is worse.

It seems the people need a serious dose of free market capitalism. Even though this ridiculous bubble was created by the government, a man who lives in a tiny one room house says

We need the government to intervene

The government has intervened. They have decided to build homes no one can afford. This poor man then falls back on a communist philosophy…something we hear in this country too often

If the government considered us and provided budget housing as part of our human rights, that’d be the right thing to do.

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