Would be curious to see a West Coast version of this article.
Key points
1. China is now a net seller of overseas real estate
2. Chinese government is clamping down on cash outflows from the country
3. New York is big enough to absorb the exit of Chinese buyers, but growth will be slowed
4. Same thing happened in late 1980s with Japanese investors
https://www.ozy.com/fast-forward/why-china-fell-out-of-love-with-new-york-property/95218
Key points
1. China is now a net seller of overseas real estate
2. Chinese government is clamping down on cash outflows from the country
3. New York is big enough to absorb the exit of Chinese buyers, but growth will be slowed
4. Same thing happened in late 1980s with Japanese investors
https://www.ozy.com/fast-forward/why-china-fell-out-of-love-with-new-york-property/95218