Good point. But they didn’t drive real estate prices to the stratosphere like the Chinese are doing. There was more business investment.
"Driving" or meeting a demand? Obviously you're not in the selling market.
And for what it's worth, a gal I know was searching for a winter place in Fla. but by the time she got to view any of them, Asians had bought them up.
It's apparent to me that the Asian population are more financially educated when it comes to investments and property procurement than the majority of people here in the U.S.
And as a side note, I have yet to come across an Asian owned property that wasn't immaculately maintained, as opposed to a native born minority or white trash that let their homes go into foreclosure.......that the Asians are happily picking up.
Are you serious? California invented the real-estate bubble in the 80s! Where were you?