I’m simply pointing out reality. This market has tailwinds which we haven’t seen before. There are some negatives, but before anyone makes a decision to cash out of the market and hope for prices to collapse, they need to be aware of the overall environment.
Respectfully, perhaps the title bearishgurl is outdated. There was a time to be a bear but that time is not now. If you wish to ignore facts and want to imply that being bearish is a rational position, that’s up to you.
For many readers, the flood of Chinese capital into the US may not be immediately obvious, so I’m pointing it out as a reason to be careful when transacting. Please have a plan if you sell, as the market may not offer meaningful bargains in the future. The key idea is that with this level of capital coming in, any downturn would be short lived and nothing near the scale of the last downturn.
Do keep in mind that many immigrants marry locally and get correct papers either via family or with green cards, H1B visas. There are numerous investor programs which Trump also profited from to bring in Chinese investors, so don’t be naive and think this will slow down any time soon.
I really feel like this is a shoot the messenger situation and I don’t understand why you’re reacting to a normal discussion about the real estate market. Today it is the Chinese, tomorrow India or one of 20 other countries with populations over 50 million. The simple point is that of the 7 billion people in the world, many want to live here and will find a way to come, when they do, they will buy property and prices will continue to rise.
I’d suggest you drive for Uber a few weeks and meet some of these people coming here from all over the world, it may broaden your perspective of the positive impacts when you see the quality of the people.
