The Mindblowing Bubble In The "Miami Of China"

Miami was one of the ground zeroes of the US property bubble, and it seems that the Miami of China — Haikou — is experiencing the same.

As you can see here, it’s got a nice southern orientation and tropical climate.

So it’s no wonder that home prices — in this chart from Waverly Advisors — there are going parabolic even by China standards.

haikou

Photo: Waverly Advisors

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