Can someone explain why Chinese investors would do this?
2020 Feb 10, 7:52pm 2,666 views 11 comments
by Waitup follow (0)
https://www.ccn.com/coronavirus-threat-set-to-trigger-a-massive-u-s-housing-market-crash/
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10
SunnyvaleCA
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2020 Feb 11, 5:50pm
AD says
Housing naturally does not offer the liquidity for a panic / quick sale.The lure of having a property is that it's seen as much more stable, thus reducing the "panic" part. Also, it seems that some Chinese, apparently, don't understand this whole "property tax" thing... you mean you buy a property and then pay $20k/year "rent" to the county tax assessor's office — might as well live in an apartment!
11
Patrick
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2020 Feb 11, 7:33pm
Patrick
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2020 Feb 11, 7:33pm
SunnyvaleCA says
Lol, so true!
Even if Chinese stop speculating on Bay Area housing and house prices drop in half, houses will still be extremely expensive / overpriced.
Lol, so true!
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