Our Irish Italian neighborhood in San Francisco out by the ocean is now 90% Asian - the rest are retired Italians or Irish with a few of us whites. They are closing $1million deals and bringing cash on basic two or three bedroom with 1500 sq ft.
Eventually most young Americans will be renting from and working for the Communist Chinese, Muslims, and drug cartels.
It’s all very real.
So you get to sell your dump in The City, buy a 4000 sq ft house in a lower cost area, and still have enough money left over to retire on?
I don’t see the problem here, I see an opportunity
A real estate lawyer was telling me she was thinking about learning Chinese so she could understand her clients at closings.
And they don’t all come to closings. Many just buy the property sight unseen.