Premiere urban real estate prices in LA, Seattle, Chicago, and New York City were driven to dizzying heights due to the demand of foreigners looking for a safe place for their wealth. Prices are going to decline steeply because urban real estate is no longer safe, as needed, or desirable.
These cities will be screaming for hard, working decent Americans in Republican states to bail them out.
RE: Prices are going to decline steeply because urban real estate is no longer safe, as needed, or desirable.
The interesting question is — why is money LEAVING the relatively safe cities of China?