This is actually half right. In fact, from the major bubble bursts in human history, whether it is tulips, japan property agency the South China Sea bubble, and Japanese real estate, when the bubble happened, the people in it did not know, or even did not want to believe it was a bubble. And only after the disaster, people’s reason is back to the brain, lamenting the absurdity of the past. As the playwright Arthur. japan property agency Miller once pointed out: “When basic fantasies are shattered, an era is over. The real estate market in Japan was very popular at the time. The vast majority of people in Japan even believe that Japan’s housing prices will rise forever because of the country’s lack of land, mountainousness and high population density. This was ridiculous after the Japanese real estate bubble burst, but in the real estate market at the time, japan property agency this was a very serious and accepted conclusion. Before the Japanese bubble burst in 1990, the overwhelming majority of people believed that Japanese house prices and stock markets would continue to rise. The Japanese real estate bubble is one of the most famous and absurd bubbles in human history. In the 1980s, the appreciation of the yen due to the “Plaza Agreement” became the fuse of Japan’s skyrocketing housing prices. In order to curb the appreciation of the yen and the trade advantage, japan property agency the Japanese government implemented a low interest rate policy on monetary policy, which promoted the rapid rise of Japanese stock markets and real estate prices. The number of Japanese real estate bubbles has become a familiar case study of the bubble economy. japan property agency where the number of Chinese buyers inquiry last year increased by 483%. Thailand and Malaysia increased by 114% and 64% respectively. Although these figures seem ridiculous now, at the time, for the miracle of the Japanese economy and Japanese real estate, japan property agency many experts used the “new economic paradigm” to explain that there is no bubble in Japanese real estate, such as people, land, and economy. High-speed growth, etc., is now used to explain the logic that China’s housing prices have been rising. As for the Japanese real estate bubble, what is the characteristic of the time when it was shattered, in fact, it is still a mystery today. This is why I am not willing to admit that the Chinese real estate market can be compared with Japan, Regarding what is a bubble, the economics of the research bubble have never been clear, and this is also the biggest feature of the “bubble”. The famous American financial expert Kinder Berger’s description of the bubble is the most accurate: “The bubble is actually difficult to define, just like a beautiful woman. It is difficult to define what is beautiful, but when a girl stands in front of you You will know if she is a beautiful woman.