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Excelllent post, Bill. I think one thing that folks would find daunting is that the cost of the house is now 6 times annual salary, rather than three time annual salary. I haven't done the figures, but it suggests to me that a P&I comparison may yiled an uglier truth for first home buyers...

About 10-15 years ago, Kiyosaki observed that there was around US$1.5 trillion washing around the world, looking for a home every day. I don't see much change coming, no matter what currency it's denominated in. If it moves from USD to RMB, so what?