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Can you explain why a collapse in China would affect the West Coast?
by melvinmt 12y ago
Can you explain why a collapse in China would affect the West Coast?
- smt88 12y agoSeems s/he's saying that wealthy Chinese people are buying property on the West Coast of the US. If their market crashes and individual wealth drops, they wouldn't be able to pay their mortgages, which I guess would be a problem for lenders in the US? Lots of leaps here, but I can see a connection if his/her facts are right.
- notastartup 12y agohigh valuation comes from people paying high prices, mainly from China. if these people were to default or sell mode it would push the real estate valuation down significantly.