ordinary housewiives are investing in the stock markets over there and making a killing
OK, cashman, that is the best indicator of a bubble. It is going to explode, likely following the “correction” in the US.
The Chiinese people I see here im my neighborhood are heavily armed—-with cash.
Chinese people that are here are in the same position as the rest of us, only they save more and shun borrowing money. Weird, I know. But other than that consider them Americans. Now, for Chinese from China it is waay too difficult to visit our country let alone invest in real estate over here. I am not saying there will be no foreigners at all buying houses in San Diego, but favorable currency rate is not nearly enough to trigger wholesale RE acquisitions by Chinese.
Your personal situation aside, I think affluent foreigners buying homes in my neighborhood is generally a good thing.
