at least compared to income. To me it seems like a huge bubble about to burst. Wages have been stagnant forever and rent is still crazy cheap. 10 million nt (~ 333k) apartments can rent for as low as 15,000nt (~$500) a month. There are also a ton of new apartments being built and there is a lot of empty places as far as I can see (not an expert at this at all). I have heard that it is mostly Chinese investors buying everything up. What do you real estate guys think? I am planning on just stashing cash and maybe picking something up cheap when/if the prices fall. With rent so low it seems to make sense.
