I don't disagree that people are doing that, kind of. I don't think it's nefarious though, or some plot against Trump or potential plot against Trump. I think t

I don't disagree that people are doing that, kind of. I don't think it's nefarious though, or some plot against Trump or potential plot against Trump. I think the simplest explanation is merely that real estate is a great vehicle to park capital for foreign nationals. NYT's ran a piece about this a few years ago with people hiding their money in real estate in markets like New York, Nashville, Atlanta, etc. It was largely Chinese money. The fear is if there is a longer than expected "trade war" and this property becomes sold in quick succession leading to a crisis to shore up balance sheets in East Asia. China will not admit it, but I have heard ramblings from very smart people that their economy is currently on the brink. They're waiting out for the midterms, but if what I've read/heard is true they might not be able to hold out that long without causing significant damage to the global economy. You have the "trade war" with the US and high debt loads, but you also have a ton of manufacturing flight to countries like Vietnam. Things could get ugly if the dominoes start to fall. That being said, I do think there is still reason to be optimistic that this is just a worst case and things will work out...but I still think foreign nationals parking money in real estate is a big problem that drives out actual tenants by obstructing true supply/demand.