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Is anyone surprised with this given outcome this administration's trade war? On one hand maybe this combined with the tax changes will result in housing price
by r00fus 7y ago
Is anyone surprised with this given outcome this administration's trade war?
On one hand maybe this combined with the tax changes will result in housing price stabilization.
However given how much of the economy is tied to FIRE, it could have significant external impacts.
- tehlike 7y agoWhy is trade war related to house purchases?
- Hates_ 7y agoFrom the article, the CEO and director of Juwai.com explains it as a result of "a combination of anti-Chinese political rhetoric, a clampdown on visa processing, and of course tariffs".
- whamlastxmas 7y agoDoes he have something to back up that claim, or is it just his opinion?
- tehlike 7y agoMy simplistic view is foreign buyers want to buy because of stability in the us market, and as a way to park their money away from their government. The simplest reason i can think of is due to tariffs rmb lost value compared to us, making us housing tad bit more expensive. But housing market has dropped a bit to make up for it. I am not fully convinced.
- noobermin 7y agoThe article mentions that general political tensions with China has a chilling effect on wealthy parents wanting to send their children to the US.