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I don't think with china's regulatory framework and government's ability to rapidly change housing supply that foreign investment would use it as a store of cap
by sorenn111 8y ago
I don't think with china's regulatory framework and government's ability to rapidly change housing supply that foreign investment would use it as a store of capital.
- mikestew 8y agoCould I even buy a house in China? Without looking it up, I do know that foreign real estate investment isn't as easy as it is in the U. S.
- seanmcdirmid 8y agoDepends on the city. In Beijing, you have to be a resident for 5 years (paying city taxes) before you are able to buy; a rule that enforced for both foreigners and Chinese without Beijing hukou.
- mikestew 8y agoCool, thanks for the clarification. My source was my brother-in-law in Beijing, who I was only half-listening to at the time, leaving me fuzzy on the details.
- kevin_b_er 8y agoEven if you could, the rule of law is nearly absent in china. Your real estate investment could be destroyed by a CPC official relatively swiftly without recourse to you.