In the 80’s there was a small rise created by emigrating Japanese (I know of several families who became instant millionaires selling their Tokyo properties and moving to L.A. Area).
But I think the Chinese emigration influence still has a long ways to go yet in this cycle IMO.
(plus they were actually building enough homes back in the late 80’s, not the story today).
We are building a little more than 250K homes in the west which is a little more than 1/2 what they should be building.
