Mood In China: If The Renminbi Devalues, Home Prices Will Fall 80%

That is headline news at ifeng. Some trader said when seeing the continually falling yuan, "If the yuan starts depreciating, first tier home prices will fall 80%......."
人民币五连跌背后：可能是管理层出手干预

I would not be shocked if first tier home prices fell 80% adjusted for yuan depreciation and price decline, but this headline does not lead to a speculative analysis of how currency depreciation could accompany a bursting of the real estate bubble. It is just a throwaway line in an article about the renminbi falling for 5 straight days.

So why is this headline news? Social mood. Fear is high and rising in China.