[quote=Nor-LA-SD-guy]A lot of Chinese are trying to exit the housing market in china (just now starting to burst a little), most have relatives in U.S. and are looking for cash flow (they are too smart to be speculators), like it or not you have to admit SD (not so much coastal but inland) is starting to cash flow about as good as you will get anywhere in the country, If you want to bury your head in the sand go ahead.[/quote]
This might not be as easy for average folks from China. My understanding is that China has tight currency restrictions on converting into a foreign curreny. It’s not as simple as saying you want to convert renminbi into say $500Kusd..Super-rich always have their ways, but for average folks, those options are not available. Also, average C6P over there is getting their asses handed to them with the RE losses.
