Washington Post: > With property prices soaring in key cities, many investors > and bankers worry that China has the next great real estate bubble > waiting to be popped.
Tell me about it! This is my second attempt to return to Turkey and I don't know how long I will last before I get kicked out this time, but I am looking for an apartment in Istanbul. The real estate prices came down some here or, at least, they stopped going up for a while, but this is definitely a bubble. Today, I saw an apartment with a wonderful Bosphorus view and, believe me, you can all become alcoholics if you like sipping some drink while watching such beautiful scenery, because you cannot stop watching it, but it was a miserable 1-bedroom, so a rich guy would not bother buying it, whereas someone who likes sipping a good drink while watching a breathtaking scenery in a 1-bedroom cannot afford the apartment. How the heck the owner will sell the apartment for the asking price? I could have bought it, not for the scenery or the drink, but for some potential neighbors who live close by, but only if he halves the price, and even then I would have thought about whether it was a good decision or not! Best, Sabri _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
