The situation there is not great. First off, $86k is a lot more over there than it is to you. Secondly, most of Chinese have their money tied up in real estate because they perceive it as being more secure than the fraudulent “markets” that the communist government manipulates. Lastly, many are incredibly low quality and should probably be torn down.
Things are shaping up for a perfect storm to bring down the market over there. China can play tough while the US money is flowing in, but the second the world stops feeding this parasite it will become like Venezuela and Cuba.
The situation there is not great. First off, $86k is a lot more over there than it is to you. Secondly, most of Chinese have their money tied up in real estate because they perceive it as being more secure than the fraudulent “markets” that the communist government manipulates. Lastly, many are incredibly low quality and should probably be torn down.
Things are shaping up for a perfect storm to bring down the market over there. China can play tough while the US money is flowing in, but the second the world stops feeding this parasite it will become like Venezuela and Cuba.