The same thing happened to the Japanese during their buying up of properties in the US. The prices dropped through the floor.
The Japanese and Chinese can buy it, but they can’t cut it out of the ground and take back to their country.
If they want to throw their money away on this stuff, more power to them.
——If they want to throw their money away on this stuff, more power to them——
Their problem is that all things considered, even the prospect of a decline in value, investment in american and canadian real estate is safer than other alternatives.
however, the chinese like to gamble and in vancouver have placed vets against very long odds