Location, location, location, I would think: With more people and larger cities, there's more "prime" real estate at locations with high potential for economic

Location, location, location, I would think: With more people and larger cities, there's more "prime" real estate at locations with high potential for economic networking. In this kind of situation, it's only natural that people will spend a greater percent of their income on housing (since the benefits of being at a prime location vs remote location are more stark) The other factor is that the Chinese government places very strict controls on where rich people can "park" their money- Since they can't take large sums of money out of the country, they have resorted to using local real estate as a sort of gold substitute for stockpiling their $$$.