Maturity Bubble Burst

(My boyfriend is eight years older than I am, and therefore has a lot more job and life experience.)

Me: “I heard from my dad that [Prominent Property Investor] has liquidated all his investments in China.”

Boyfriend: “Yeah, the property market in Shanghai has TRIPLED in the past five years. It typically takes eight-to-ten years to DOUBLE. Every market has a cycle and the bubble’s going to burst soon. The implications of [Prominent Property Investor]’s actions…”

(I provide intermittent ‘mm-hmm’s as I listen to him tell me about property and investment and markets.)

Boyfriend: “… All right, I’m gonna go poopy-poop.”