But people are also now talking about a housing crash.
Such a housing crash took place in Britain in the early 1990's.
It warned on Wednesday that Britain would be stuck in recession for another year as consumers - reeling from the housing crash - cut spending.
The Clash's breakthrough single is enough to start a housing crash and send tourists fleeing.
This was nowhere near large enough to offset the drop in demand from the housing crash, but it did create 2-3 million jobs.
With all that land, and a global housing crash going on as they watch?
The region was a leader in the housing bubble 2001-2007, and has been heavily impacted by the housing crash.
The other problem is that the Chinese people have never had a housing crash and most are completely oblivious that it could ever happen.
A rise in properties built on land bought following the housing crash, which left prices depressed, drove that increase, as it signalled higher margins.
I'm not suggesting that the housing crash is a wonderful development.