China's housing bubble VS Japan's

[Taro Toporific]

Housing bubble spells mortgage misery
BEIJING, Nov. 3 (Xinhuanet) --A recent conference on living environment has been making headlines recently after it allegedly found the Chinese enjoy housing conditions comparable to the world's "middle-and upper-levels," with a per capita dwelling space of 23.7 square metres in cities and 27.2 square metres in rural areas...
... a typical 80-square-metre apartment in Shanghai costs 27.5 times the local disposable income per capita per year, compared to a reported 11 times in Japan where land is extremely scarce.

[devicenull]

shanghai is expensive though