Americans think New Yorkers are property obsessed, but clearly they haven’t lived a day in Hong Kong. In this part of the world, a man isn’t a man until he is a homeowner. His entire life leads up to the singular moment when he hands over the down-payment check and puts his signature on the triplicate purchase agreement. All the good grades and job promotions he has received are mere preparation; and every source of happiness - marriage, children and retirement - depends on it.