crazy

Not sure what the hell is going on in Shanghai; seems there is a wave
of people with tones of money paying upmost top dollars for luxury
apartments. Normally, the price was between RMB60,000 to RMB80,000
per sq meter is now selling for minimum RMB 100,000 per sq meter.

Lots of big developers are not renewing their rental contracts at
targeted apartment buildings. They are being converted into luxury
apartments for sale. The luxury apartment market right now seems like
the flower speculation back in 1900's before its market crashed. It's
nuts here!

One of the news articles reporting about real estate market is saying
the condition as "lots of money with idiots".

Yes, I do not know where is the money coming from. Tonight, I saw two
bloody F430. One parked and another was pulling into a parking garage
behind my apartment building. Licence plate from Beijing and was
driven by a young kid. Convertible too! Red. Gee.....

Something definitely is not right.