in china, the major part of house is land price. you have to buy house if you want your kids to go to school, especially in big cities, etc. it is a kind of liv

in china, the major part of house is land price. you have to buy house if you want your kids to go to school, especially in big cities, etc. it is a kind of living tax. another factor, a lot people believe the housing price will not go down. so, people buy house to make money.