[TopQuark]

"Real estate is prone to price bubbles because unique factors restrict its supply response. "

Both parts are factually incorrect. With the exception of the recent bubble, there are no price run-ups on record that qualify as bubble.

He also suggests, incorrectly, that every inflation is a bubble. What has attracted your attention to this cr-p? The author presents no new factual information, referring only to a "floated" media articles, and no economic analysis. What he does say is completely incorrect and grossly misleading (as is common on MarketWatch). What has attracted your attention to this article?

[AdmSmith]

Here is an economic analysis:
China’s property bubble
Takatoshi Ito 15 April 2010

One objection to the calls for China to let its currency appreciate argues that the yen’s appreciation during the 1980s was a cause of Japan’s “lost decade”. This column instead blames policymakers for not dealing with Japan’s property bubble early enough. China should learn from these mistakes with its own property bubble and let the renminbi appreciate.
http://www.voxeu.org/index.php?q=node/4885

[Ernest_at_the_Beach]

This:

that 64.5 million urban electricity meters registered zero consumption over a recent, six-month period. That led to a theory that China has enough empty apartments to house 200 million people.

Yet watching CNBC on occasion all you hear is that China is going to be the locomotive for the world economy because we and Europe have problems...invest in China...is the mantra.