A New Call to Sell Houses, Buy Stocks

The housing bulls are having a go at the financial companies who are once again telling investors to sell houses and buy stocks. The spike in first-tier prices is being compared to the stock market bubble, with investors being encouraged to grab the gains and rotate into stocks. The article goes the other way, concluding with a chart of Beijing home prices.
iFeng: 揭开“卖房炒股”喊话背后真相 一个结论让股民心塞
Beijing average home price (per sqm)
The conclusion is not that the herd of investors that caused the massive stock market bubble are now buying first-tier real estate, but that house prices don't really go down. Psychology has shifted.

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