Housing prices are causing a great panic among the Chinese.

The Social Survey Institute of China conducted a telephone poll to find out just how concerned house can't-buyers are worried.

1. 82% of repsondents feel housing prices are too high and have created a bubble industry. They might wish it were a bubble industry…if only it would pop.

2. 68% say they cannot afford the prices

3. 23% say they can find the money but….they would need to become slaves to their house.

4. 9% say, "what the hay!" They can swing whatever price.

5. 46% wishfully think the prices will drop – there are ALWAYS more people in China than there are housing units. Prices will NOT drop.

6. 42% know the prices will NOT drop.

7. 33% blame the government

8. 36% blame property dealers

9. 23% blame the problem on supply and demand.

Let's see…change Chinese and China to Americans or Anywhere, America and chances are there will be the same results.

What do you think?

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