Concerns about the impact of Chinese money overseas seem to be copy/pasted from the articles about Japanese money that I read when I was 7.
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And if you think the real estate industry isn't optimally set up to facilitate those transactions oh boy I have some fun stories for you.
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share some!
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New conversation -
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There are also consequences for intergenerational equity: 100% or more of the overpaid wealth flows to existing owners.
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Of course, recent events show us that another possible outcome is they overpay & wind up owning the President of the United States.
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