4 ms·
As someone who has been waiting on the sidelines to buy a home for years now, I'd love to see the Chinese begin pulling cash out of our real estate market. It'
by hiram112 7y ago
As someone who has been waiting on the sidelines to buy a home for years now, I'd love to see the Chinese begin pulling cash out of our real estate market.
It's said that most of this cash has pushed up prices mostly on the West coast, but I have this belief that a lot of money has trickled into almost all metro areas of the US. I can't see any other reason for home prices to be so out of whack in medium-sized US cities with no apparent influence (e.g. Amazon HQ2 in DC).
- robocat 7y agoNew Zealand banned foreign investors last year. Prices have dropped where I live (although could easily be due to other causes). Mortgage rates have also dropped recently.
- thorwasdfasdf 7y agohome prices have more to do with housing policy than chinese investors. Places that don't restrict housing supply don't have housing problems because enough new houses get built to where the price of housing never exceeds the cost of building the house for too long.