Popular city housing prices are global markets, not local markets. Turns out foreigners have lots of money to burn that locals can't match. Things like http:/

Popular city housing prices are global markets, not local markets. Turns out foreigners have lots of money to burn that locals can't match. Things like http://sanfrancisco.cbslocal.com/2015/04/28/realtors-printing-brochures-for-silicon-valley-homes-in-mandarin-to-attract-chinese-buyers/ http://sanfrancisco.cbslocal.com/2015/04/28/realtors-printin... and http://www.sfgate.com/business/networth/article/How-and-why-buyers-from-China-are-snatching-up-5924991.php http://www.sfgate.com/business/networth/article/How-and-why-... and http://www.bloomberg.com/news/articles/2015-10-14/nyc-s-luxury-condo-king-shifts-gears-in-bid-for-chinese-buyers http://www.bloomberg.com/news/articles/2015-10-14/nyc-s-luxu... and http://www.nytimes.com/2015/02/12/nyregion/russia-time-warner-center-andrey-vavilov.html http://www.nytimes.com/2015/02/12/nyregion/russia-time-warne... and http://www.nytimes.com/2015/02/08/nyregion/stream-of-foreign-wealth-flows-to-time-warner-condos.html?_r=0 http://www.nytimes.com/2015/02/08/nyregion/stream-of-foreign... and http://www.theguardian.com/business/2015/jul/12/chinas-rich-seek-shelter-from-stock-market-storm-in-foreign-property http://www.theguardian.com/business/2015/jul/12/chinas-rich-... etc