Depends on where they are. If they’re in California, specifically the Bat Area or L.A., then they need to get the **** out. Prices are reasonable in a lot of places in the country.
My son owns four houses in LA county. Two in Glendora and two in Sierra Madre.
He said he's sitting tight.
Also, said he'd made offers on two houses in Redondo Beach but was out bid by Chinese investors.
He said, a year or so ago, that the Chinese were buying everything that comes on the market there.
Escaping Hong Kong money he thinks.