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Why do you think home prices will fall? There is plenty of foreign investment money out there to shove into the real estate market. We have this problem in Bos

Why do you think home prices will fall? There is plenty of foreign investment money out there to shove into the real estate market. We have this problem in Boston right now. We're building and it's doing nothing to the rents because it's being snapped up by foreigners.

nostrademons 11y ago
The Chinese stock market hasn't exactly been doing great lately either...
- encoderer 11y ago
  Which is why Chinese money needs to chase returns elsewhere?
  - nostrademons 11y ago
    In the short run, sure. In the long run, what happens when many of the Chinese business owners who have been parking their wealth on the coasts of America face a liquidity crunch and suddenly need that money to keep their companies going? We've been here before: back in the 80s, Japan was buying up most of the real, tangible assets in the U.S. http://www.businessinsider.com/japans-eighties-america-buying-spree-2013-1?op=1 http://www.businessinsider.com/japans-eighties-america-buyin... The cause was the same: strong export products, an undervalued currency, and easy-money policies. The first signs of trouble were the same: high inflation, crony capitalism, and poor transparency in the market. Let's see if the rest of history plays out the same way.
    - gjkood 11y ago
      This. I was reminded of the Japanese and Middle East based investors who were on a real estate buying rampage in the 80s.
    - encoderer 11y ago
      They get bailed out by the communist gov't?
- deleted 11y ago
  [deleted]
- DrScump 11y ago
  Which is why wealthy Chinese will be seeking a safer place to put their money.
  - samstave 11y ago
    How do I find out who the Chinese owned housing people are so I can seek to rent their vacant properties while they live in china?
    - DrScump 11y ago
      You might try local Realtors (especially those who specialize as buyer agents) that advertise in Chinese (or that they speak Mandarin or Cantonese) to see if any recent transactions fit the bill. Also, sales are open record - you might look at buyers with Chinese surnames that lack Americanized first names.
cbr 11y ago
Why do you think most of the new housing here in Boston is going to foreign investors and staying empty?
- NotSammyHagar 11y ago
  It's probably just like vancouver, lots of money, no place for it to go, you can launder foreign money basically legally into a house in the US. You should search for vancouver and see the ycomb story on it earlier this week.

nostrademons 11y ago

The Chinese stock market hasn't exactly been doing great lately either...

encoderer 11y ago
Which is why Chinese money needs to chase returns elsewhere?
- nostrademons 11y ago
  In the short run, sure. In the long run, what happens when many of the Chinese business owners who have been parking their wealth on the coasts of America face a liquidity crunch and suddenly need that money to keep their companies going? We've been here before: back in the 80s, Japan was buying up most of the real, tangible assets in the U.S. http://www.businessinsider.com/japans-eighties-america-buying-spree-2013-1?op=1 http://www.businessinsider.com/japans-eighties-america-buyin... The cause was the same: strong export products, an undervalued currency, and easy-money policies. The first signs of trouble were the same: high inflation, crony capitalism, and poor transparency in the market. Let's see if the rest of history plays out the same way.
  - gjkood 11y ago
    This. I was reminded of the Japanese and Middle East based investors who were on a real estate buying rampage in the 80s.
  - encoderer 11y ago
    They get bailed out by the communist gov't?
deleted 11y ago
[deleted]
DrScump 11y ago
Which is why wealthy Chinese will be seeking a safer place to put their money.
- samstave 11y ago
  How do I find out who the Chinese owned housing people are so I can seek to rent their vacant properties while they live in china?
  - DrScump 11y ago
    You might try local Realtors (especially those who specialize as buyer agents) that advertise in Chinese (or that they speak Mandarin or Cantonese) to see if any recent transactions fit the bill. Also, sales are open record - you might look at buyers with Chinese surnames that lack Americanized first names.

cbr 11y ago

Why do you think most of the new housing here in Boston is going to foreign investors and staying empty?

NotSammyHagar 11y ago
It's probably just like vancouver, lots of money, no place for it to go, you can launder foreign money basically legally into a house in the US. You should search for vancouver and see the ycomb story on it earlier this week.