With cities filled with empty apartment blocks it was only a matter of time before the big Chinese crash occurred. But the follow on impacts on the rest of the world are still not well understood. One of the first is that wealthy Chinese who bought Hong Kong real estate are now selling. Next up: Vancouver, London, LA, SFO and NYC bolt holes will be priced to move. Whether this will put the high end coastal real estate markets into a tail spin remains to be seen. One thing is certain: China is in for a period of turmoil that will shake the People's Dynasty to its bloody, criminal foundations.
Popcorn anyone?
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