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I don't understand why this comment was downvoted--my understanding has been that a major component of rising housing prices globally is Chinese investors wanti

• pessimizer 8y ago
  > Chinese investors wanting to move their money out of the Chinese economy and into something they perceive as more stable, less corrupt etc. That's an extremely favorable reading of the Chinese(Russian, African, South American, etc.) buyers and of the markets they're buying into. These are often, and I would argue largely, the corrupt connected elites who dominate corrupt economies trying to move money out of their countries before losing power, being caught, or before disasters in their local economies cause their investors to attempt to cash out. They are helped by a west that has lost manufacturing capacity and largely survives economically by circular credit scams that need a constant influx of these colonial resources to maintain the illusion of growth. The best thing about real estate is that it never goes to zero; the best thing about western real estate is that your networks of accounts and holding companies will never be seriously investigated, because skimming from and taking commissions from transactions between those things is the only inflow of wealth, source of new investments, and source of political contributions. You can also let your kids live in it while they're going to school in London and NY.