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HKim0072
China Observer
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Comments by "HKim0072" (@HKim0072) on "Unstoppable Plunge in Beijing Property Values, Falling Sharply From 3.5 to 1.5 Million" video.
50-1 price to income ratios aren’t sustainable?
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Divide by 7. Use your old elementary level math skills.
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It’s called a greater fool theory for a reason.
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And lazy people, the exchange rate is 7.3 yuan to 1 dollar. Just cheat and divide by 7 if you want dollars. (Euro and dollar are close to parity, so dividing by 7 is close enough. We aren’t getting a grade after class.) Doing math in your head keeps your brain sharp. I used to practice doing % change without a calculator in meetings.
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@averybaumann NYC is 10-1. 3rd tier cities in China are at 20-1.
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