unreasonable.....we need government's intervention to keep a lid on it.....

Housing prices in China now are a bubble, but this has been the case for several years. Demand is high and will probably continue to be so. China has a lot of people, and investment alternatives are limited. Who knows what will happen in the future?

From everything that I have read, China housing prices are rising very rapidly. I think that there is a danger of the same sort of housing bubble that hit the U.S. in 2008, which means that at some point in the next few years, housing prices will drop very fast. There is a big argument over how to prevent a housing bubble, or even if a government should try at all to prevent it. I have read that if you are trying to prevent a housing bubble, the best methods are to tighten credit and raise the standards (down payment) for loans. Since I'm not an economist, you can take that for whatever you think it is worth.

I just found this article which says it all: http://www.theatlantic.com/international/archive/2012/03/what-americans-can-learn-from-chinas-looming-real-estate-bubble/254472/

ok,thank you Eric , your answer is good. house prices is really a problem, who knows what will happen in the future ? Don't know United States House prices?