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It can't happen again because the Chinese have paid the full price up front in cash. Also, many of them want to become American residents.
by e15ctr0n 11y ago
It can't happen again because the Chinese have paid the full price up front in cash. Also, many of them want to become American residents.
- untilHellbanned 11y agoThe point is the Chinese will need to get that cash back when the rest of their assets are devalued.
- meric 11y agoThey borrow cash from China using assets there for collateral to pay for US housing with cash. If they need the cash back for margin calls they will still need to sell houses.