Five houses in and of itself doesn’t mean anything if they were bought by someone with good credit, with a good down payment and are being used as a rental. Buying a vacant home on the single hope they keep appreciating with little to nothing down however is a very different story (the gal in the big short). Sounds like China is taking it to another level.
Right, less than 5% down per house and the condo because everybody on the pole is cash rich but with lousy credit. LOL.