The size of the housing bubble in China is unimaginable

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apartmetns

credit: Lloyd Alter

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Unlike North America, these apartments are designed for families; there is significant suburban sprawl, but it is all high-rise. A couple's starter apartment will often be three bedrooms; one for the parents, one for the kid, and one for grandma who takes care of the kid while the parents work. We're talking a thousand square feet on average.