He's recently been outbid on two different properties he's tried to buy...Chinese money, he believes.
https://www.wsj.com/articles/if-you-sell-a-house-these-days-the-buyer-might-be-a-pension-fund-11617544801
The Japanese went on a US property buying spree in the 80s. I guess the plus side is that they can’t take it with them.