I just got back, and talked to one (business man who owned a paper factory) who just happen to park some money in condo’s as well, he was selling as fast as he could and partnering with a few others looking at buying for cash flow in the U.S. ( he could lose 50% and still be up big big time).
Another had three condos given to his family; they were trying to sell the extras and had a relative in OC looking for them. (The condos were going for around 500K U.S.D. (not quite in the middle of shanghai).
So it is happening, if only 5% do this it will be a flood.
