China

Beginning in the late 90's house prices started rising and this accelerated in the 2000's and finally the bubble burst in 2006. Many people were buying houses just to sell something called flipping. While this was bad here in the US it was much worse in China. There large real estate companies were formed to flip on an grandiose scale and this has led to a country threatening crash. Millions have lost their life's savings in real estate. This is happening while China is facing a shortage of working age people and companies around the world are moving out of China. Many experts believe that China will collapse before the end of this decade.