As you may have heard, housing prices in China have exploded over the last few years. Â Why someone would pay over $500USD per square foot (the price for a mid-range condo not located TOO far from downtown) for a 70-year lease (private land ownership does not exist in China) in crowded, polluted Beijing when a townhouse in California’s wine country can be had for just over $100USD per square foot is beyond me. Â Or, if you want to spend the money, check out this beauty in San Francisco’s Mission District for $570 per square foot.
