What is happening is They are buying up everything driving prices up artificially so that the average Joe no longer can afford to buy a home. Our government is building/buying luxury apartments for homeless and illegals, spending our money while simultaneously driving up prices even further. Megacities coming to our neighborhoods. "You will own nothing and be happy"
This is only happening in California. Chinese buy in Los Angeles area. A few also buy in Northeast near MIT/Harvard etc. I know a few chinese women who bought in LA area. They just bought. They had no clue what they were buying. They are pay pigs for Cali government, They will keep paying real estate taxes. I pleaded with them not to buy but they were beyond certain that it will double in 2 3 years. Beyond certain!
Europeans buy in Florida which imo is a great deal really.
that's about it. No foreign money is pouring into Alabama, Idaho, and 45 other states
Chinese will get hit by this real estate craze so bad that they will never ever even discuss real estate in their entire life. It will be like Japan. Chinese guys will be sitting in their home playing video games and turn into shemales just like Japanese. China will become a land of virgins like Japan is.
Before 2008 every chinese I talked to was crazy CRAZY after stock market. They got kick so hard in the groin that now if you talk stocks they get offended. Now it's all real estate and it's ending also.
What is happening is They are buying up everything driving prices up artificially so that the average Joe no longer can afford to buy a home. Our government is building/buying luxury apartments for homeless and illegals, spending our money while simultaneously driving up prices even further. Megacities coming to our neighborhoods. "You will own nothing and be happy"
This is only happening in California. Chinese buy in Los Angeles area. A few also buy in Northeast near MIT/Harvard etc. I know a few chinese women who bought in LA area. They just bought. They had no clue what they were buying. They are pay pigs for Cali government, They will keep paying real estate taxes. I pleaded with them not to buy but they were beyond certain that it will double in 2 3 years. Beyond certain!
Europeans buy in Florida which imo is a great deal really.
that's about it. No foreign money is pouring into Alabama, Idaho, and 45 other states
Chinese will get hit by this real estate craze so bad that they will never ever even discuss real estate in their entire life. It will be like Japan. Chinese guys will be sitting in their home playing video games and turn into shemales just like Japanese. China will become a land of virgins like Japan is.
Before 2008 every chinese I talked to was crazy CRAZY after stock market. They got kick so hard in the groin that now if you talk stocks they get offended. Now it's all real estate and it's ending also.
After that -- ONLY metaverse, dreams and videos