Yeah, I have been watching the mess that's the Chinese real estate market for ages and it's insane. Rent should be something like the mortgage payment on a pro

Yeah, I have been watching the mess that's the Chinese real estate market for ages and it's insane. Rent should be something like the mortgage payment on a property--but it's like 10% of a mortgage payment. The government is determined to keep the growth rate up--despite the fact that an advanced economy can't maintain the sort of growth rate developing economy can. The people can see the market is dangerous but allowing the money to flee to safer locations would crash the market and that's unacceptable. Hence things like capital controls. It's not the hardcore efforts to get foreign currency that we saw in the old days, but it's still an issue.