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First, China's real estate bubble is deflating.
It dodged the real estate bubble that plagued Ireland.
But the real estate bubble popped in Ordos last year.
The real estate bubble prevents creative people from staying.
The thesis: There is no real estate bubble.
"There may be a real estate bubble growing".
Moreover, the real estate bubble has popped, and rightly so.
More broadly, the agency is still struggling from the burst of the real estate bubble.
Many of those loans went bad after Ireland's real estate bubble burst.
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The real-estate bubble was not a great secret.
(The purchase amounted to a cherry on top of Japan's then ballooning, doomed real-estate bubble).
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