As measured by the percentage of income devoted to mortgage payment, we are at historical low. This is a great time to own a house.
Caution to house speculators: do not hope for a quick price recovery.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_nBx6UU-gimAZQxClC-JynG6cOLTr0ue7SvFSy6EHpEcYIYpj1qQf8nL5ftzMliGNpxpriFbz_rJB_S7a4QxvYml2kRLu5Fgh1luIx2NSqKvDhT-F9AJ0I19pAQr7TL6BiP9XCw/s400/ve-home-prices.png)
(click to enlarge)
Thoughts and discussions in economics, finance and history, with focus on China's interactions with the global economy.