2012-03-18

Chinese home buyers worry about losing their savings

The psychology of home buyers continues to shift from positive to negative. Witness two similar stories in the press this weekend: 买房需避开10大楼盘 四类房最贬值防亏本 (10 homes to avoid, 4 to protect against loss) and 10大“坑爹”楼盘打死不能买 买房谨防倾家荡产 (10 homes that will kill you, guard against losing your family fortune)

The advice for protecting your investment is basically location, location, location. Buy near in demand property, near transportation, etc. Among the things to avoid: electric substations, high-voltage power lines, bad pollution, bad reputation, bad feng shui.

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