Chen Guoqiang, of Peking University, on the real-estate bubble

Chen Guoqiang, head of the Peking University Real Estate Institute, on the popular internet time-table of the real estate bubble bust:
"This time-table gives the real estate market a warning – we must pay attention to potential market risks. People think this will just result in the falling price of houses, but it is not true. In the case of real estate market collapse, not just the investor’s assets will shrink but also common people will face employment and income crises."