There's a major dilemma facing any renter who lives in a skyrocketing housing market.
Miss out on a historic rally and you could be priced out of your dream home forever, or that's at least the fear.
Bloomberg: Li originally planned to buy his own place when he got married, but after watching Beijing real estate prices soar, he has been spending all his free time searching for an apartment. If he finds the right place -- preferably a two-bedroom in the historic Dongcheng quarter, near the city center -- he hopes to buy immediately. Act now, he figures, or live with Mom and Dad forever. In the last 12 months such apartments have doubled or tripled in price, to about $400 per square foot.
“This year they’ll be even higher,” says Li in the Jan. 11 issue of Bloomberg BusinessWeek.
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