Beijing real estate offers limited opportunities

Back in 2007, when the world's financial markets were roiled with intense spasms of fear about a new Great Depression, I threw caution to the winds, and bought property. I considered Hong Kong, where I had lived, eyeing the fishing island of Cheung Chau.

Instead, stepping straight into the maelstrom, I bought in Michigan, USA. Sleepless nights followed, but the portfolio's done okay and I can relax a little.

Fast forward, and when I came to China, I hoped to eventually buy here.