"The debt crisis at China Evergrande .. has cast new light on .. China’s real estate market. According to Rushi Advanced Institute of Finance, condominium prices in Shenzhen are 57 x annual income, & 55 x in Beijing. Japan’s bubble in 1990, Tokyo condos were 18 x annual income."

— Hilliard MacBeth CIM FCSI® (@hmacbe) September 27, 2021