Over the past month we have documented the surreal reemergence of China's latest housing bubble (recall the first one burst in early 2014 which forced Beijing to reflate the stock market bubble, which also burst over a year later), in recent articles such as:
- "How China Is About To Unleash A Monster Housing Bubble, In Six Easy Steps"
- "China's Crowd-Sourced Housing Bubble Goes "Crazy" - $585,000 For A 65 Square Foot 'Apartment'"
- "China's Housing Bubble Is Back: Locals Wait In Line For Days To Flip Houses",
- "What The Average Zhou Thinks Of China's Housing Bubble: "Only After War Breaks Out, We'll Be Able To Afford It"
But nothing does China's housing bubble justice quite like a simple chart showing what is going on right now with home prices in Shenzhen, which incidentally also puts the housing bubble in the context of China's recently burst stock market bubble. No comment necessary.