Chinese Stock Market Crash Good or Bad for US Housing Market in Big Cities?
Also another 8.5% drop just today.
http://sandiegofreepress.org/2015/07/chinese-stock...
http://www.cnbc.com/2015/07/09/will-chinese-buyers...
From the articles:
- Chinese are the largest foreign buyers of US housing.
- Chinese investors have shown the most interest in the San Francisco Bay Area (34 percent), followed by New York City (22 percent), Los Angeles (17 percent) and San Diego (13 percent) and growing interest in Miami.
Does anyone have an opinion on how this will effect your market if you're in one of these big cities or if it will effect the market at all?