We have been telling many of you about this situation.
This last weekend Marketplace ran a story on what we have been hearing and seeing from our local friends. This situation appears to be headed for disaster if things don’t change fast. Recently landlord’s have been asking up to 60% more for rent. This is not reasonable for anyones income. But it is the day to day expenses that gets everyone talking, spinach, milk, eggs, etc… all becoming expensive–close to 40% increases.
So whose problem is this? I think China is just feeling the hit of some of the economic crisis.
Click here to read the Marketplace story.