@David Nolan  Hey David I am coming your way tomorrow,,, Hong Kong Singapore Thailand... not exactly in your neighborhood but close.Next trip will be a true down under.As you know I but many thousands of post on the Aussie websites... trying to enlighten your country men on how to invest safely in the US>

There are numerous foreigners, but they all seem to be from China, Hong Kong and Thailand.  

You would also have to look other point of view where Hong Kong, Japan and other Asian markets are having negative cash flow.

In the course of history all of the most economically successful countries are those with the least government.Pretty sure Hong Kong isn't rioting because they are looking forward to mainland China's gift of additional infrastructure. 

Here is just one example: https://www.dallasnews.com/business/real-estate/2018/06/25/hong-kong-firm-plans-huge-frisco-development-shopping-mall-office-towers-hotel-apartments

@Daniel Kong not true you can certainly go liquid with your stocks if your not invested in a 401k or ira and you can also use margin if you know what your doing.

When I visited Hong Kong a few years ago, a place of some of the highest real estate values in the World, I could see the size of their apartments and how the price keeps going up, and I can share that is happening in Chicago.

@Keetaek Hong Sedona is aggressively pushing to have the state STR law repealed or greatly restructured. 

So if we get into any sort conflict with China even a proxy conflict through Taiwan, Hong Kong, Japan, etc. this fluffy, create nothing economy we currently have will be brought to its knees.  

Better to compare them to prices in major international cities like NYC, Paris, London, Hong Kong and others. 4) Wildfires, natural disasters, recessions - CA has been through all of those and only emerged stronger.