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随着中国一线城市房价的上涨,关于中国房地产是否会重蹈日本覆辙的讨论多了起来。日本房地产泡沫,是人类历史上最著名的泡沫之一。日本东京地价在1985年到1988年涨了2.7倍。东京全部地产的价值超过了美国全部房地产价值的总和。到1989年底,日本的全部房地产价值超过了美国房地产价值的5倍,是全球股市市值的2倍以上。也就是说,把日本卖掉,可以买5个美国。到1990年,日本土地的总价值超过了世
As house prices in China’s first-tier cities have risen, there has been more talk of whether China’s real estate will repeat Japan’s mistakes. Japan’s real estate bubble is one of the most famous bubbles in human history. Japan Tokyo land prices in 1985 to 1988 rose 2.7 times. The value of all real estate in Tokyo exceeds the total value of all real estate in the United States. By the end of 1989, Japan’s total real estate value exceeded the value of real estate in the United States by five times, more than twice the market value of global stock markets. In other words, you can buy five U.S.s by selling Japan. By 1990, the total value of Japanese land exceeded the world