Real estate prices in some Chinese cities are becoming as expensive as Seattle and London

And you thought New York, Seattle and San Francisco are expensive real estate markets?  Guess what is happening in China.  Real estate prices in China have been rising so quickly that the average price per square foot in some cities is about the same as prices in Seattle and New York!  However, the lack of great schools, the poor quality of air and the environment and just the fact that this may be a bubble is driving many Chinese to look at overseas real estate.  If they purchase a house in a city around Los Angeles, Chicago, Boston, Houston, etc., they would have a better quality house, located in a better area with access to great American education and a better environment in a country that is more stable.  As a result, it is no surprise to see that many Chinese still have the 'American Dream'.

Here are the details about the high real estate prices in Chinese cities.