One must keep in mind foreign investors. Competition gets a lot more fierce when a whole 1/3 of properties are being purchased by rich foreign investors in Chin

One must keep in mind foreign investors. Competition gets a lot more fierce when a whole 1/3 of properties are being purchased by rich foreign investors in China [1], let alone your local rich. While I may be looking for a home to enjoy for years and years, somebody with 10-100x my wealth or more could just be looking for somewhere to throw their money. 1: https://www.bloomberg.com/news/articles/2016-03-23/chinese-buy-one-third-of-vancouver-homes-national-bank-estimate https://www.bloomberg.com/news/articles/2016-03-23/chinese-b...