A rising US dollar makes Irvine homes much more expensive for Chinese buyers, and capital controls makes it much more difficult to move money out of China for those inclined to do so.
Chinese investors buy a significant number of homes in Irvine. Anecdotally, 80% of sales in some new home...
http://ochousingnews.com/blog/is-the-chinese-love-affair-with-us-real-estate-turning-sour/
Wednesday, August 10, 2016
Home sales weaken as Chinese investors sour on US real estate
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