Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
When the U.S. real estate prices were 30% to even 40% lower than its peak in 2006, China's real estate prices are hitting a new high. Is there a bubble in China's housing market now?
On this issue, Rogers believes that real estate prices in Shanghai and Hong Kong are too high, and he will not buy, because in the past he has suffered such losses. He added, when any commodity 
price goes straight up, we need to be on the alert, and can not follow blindly to make purchase. If you have to buy real estate, I will go for agricultural areas and mining areas, because the farmers will become increasingly rich, and mineral resources will become increasingly valuable.
Via People's Daily Online
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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