Not at all sure this happens on the Left Coast (minus Portland), without an unwinding of the commercial real estate mortgate market which I have written about here.
Do you have any idea of what California's mass depopulation would be like if there weren't 2 chinamen taking his place? China, like every other evil in the world, is behind this bidding war in the most premium neighborhoods in Kali.
China, surprisingly, is not hard to leave (albeit we will see literally hundreds of forced 'repatriations' for the rest of this decade until war breaks open). Forcing mainland law on HK was the tipping point.
I believe that it is easier for the Chinese to invest into the 'free world', rather than within China.
In China we have seen arbitrary and capricious actions by the government freezing financial assets for dubious and unknown reasons.
These actions, by the government, against a free Hong Kong indicates what the governmental attitude is regarding previous agreements.
I judge governmental actions rather than words; talk is cheap !
Actions , on the other hand, indicate premeditated intent and commitment.