Online Class Notes (Nemo)[W]

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Vocabulary

inflation (n): 1-a general, continuous increase in prices:
E.g.: high/low inflation
E.g.: the rate of inflation
E.g.: 13 percent inflation

real estate (n): 1-the activity of buying and selling land and buildings:
E.g.: She works in real estate in Dallas.
E.g.: the real estate industry/sector
E.g.: a real estate investor/expert/tycoon

regardless (adv):despite; not being affected by something:
E.g.: It was pouring with rain, but we pressed on regardless.
E.g.: Regardless of what you think, I believe she’s the best person for the job.
E.g.: Regardless of cost, the building must be completed on time.

at a price (idiom)for a lot of money:
E.g.: She’ll decorate your house however you want it – at a price.

20k per square meter

When I searched on line, I found some viewpoints said that the development of Chinese economy is similar with Japanese. Especially the housing industry’s development. As we all know, currently the price of houses in China is very high. But still have a lot of people willing to buy house, they believe the price of houses will still increase. Reference to the economy fast increase period of Japan, house price was very high, people bought houses also. But when the speed slow down, the price of houses was stabilized in a level which most people can afford it. Then people who bought houses with a high price will never earned money through houses. I think that’s like the currect situation of China. But I don’t think the price of houses will decrease because I believe that if the price of something has increased, it will never descend.

When I checked/searched online, I found some opinions saying that the development of Chinese economy is similar with Japanese, especially the housing industry’s development. As we all know, currently the price of real estate in China is very high. But still there’re  a lot of people willing to buy a house, they believe that the price of houses will still grow. Compared to the Japan’s period of fast economic growth , house prices were very high  still, people were  buying  houses regardless. But when the economy slowed down, the price of houses was stabilized to a level affordable to the majority of  people. Then, people who bought houses at a high price will never return  invested  money by seling those houses. I think that’s like the currect situation in China. But I don’t think that  price of houses will decrease because I believe that if the price of something has increased, it will never descend.