Monday, June 22, 2015

Jim Rogers on China property City vs Rural

I would not buy Chinese property unless it was in the countryside. There are probably good places to buy houses in the countryside, but house prices in most of the cities are very expensive, and most of the cities have too many buildings. When I traveled around China, I also saw many empty houses in cities.

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.