I had a colleague he is Catholic

I had a colleague he is Catholic, so he has one child each year. In China, now one-child policy, how the house so your students can afford? Shanghai birth rate, birth rate so low in Hong Kong, the main The reason is due to price. Every year my colleagues e-mail that I had a baby, from what name, and everyone said I was going somewhere to buy tools, buy wood, home next to his house and take in room, his land the equivalent of an unlimited supply. In China, right? 15,000 square meters, and how you can easily build your house?because real estate will never come back, so get up the U.S. consumer. because had real estate as collateral to bank loans, if home prices fall, banks will not be able to mortgage, borrow money, so consumers will not be good, consumption will not be good economy will not be good, so the U.S. economy is very difficult to come back. in the past is overemphasized, debt ratio is too high, housing prices can not move up, so you continue to borrow money to enlarge this thing, so you go back, it is necessary to repay ah, U.S. household debt ratio is now 140, family income, in the past the history of the half, the extra half of the high price is caused. The more you use more leverage to the deleveraging, this will lead to long-term economic downturn. American history, the average household savings rate is 8%, which becomes a negative bubble , why save? house up so much every year, you feel more and more money, not save money ah. Now, quickly returned to 5%, to more than 10%, by the slowly pay back the money. the United States household debt has just dropped in the first quarter, down just a little bit, this process is better than a few years. So the U.S.