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In China’s real estate bubble looms

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BEIJING — Sitting on the floor of his apartment surrounded by the toys of his 1-year-old son, Guo Hui tallied the homes he and his wife had acquired over the years.

There was this place, in a compound a half-hour from downtown Beijing. There was a second apartment to the north, a third place near the site of the 2008 Olympics and a fourth home close to the Forbidden City that was given to him by his parents.

Guo gestured to the wall behind his couch. His neighbor? He owns six apartments in this compound alone. Guo’s friends, too, all own at least two homes each.

“There is definitely a bubble,” said Guo, whose homes have tripled in value in roughly a decade.

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think i might retire in china

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