OC_relocation
Member
I think current devaluation of Chinese currency will have negative impact on real state in US(Irvine).
What you expert say?
What you expert say?
Elan said:It will be have an Big impact in california market.
Already Irvine market is cold.
Elan said:Shanghai Market is still going down today.
Almost 40 % down this year.
irvinehomeowner said:Nope.
Irvine always rebounds.
#NotAnExpert
Like I said, not an expert.hello said:irvinehomeowner said:Nope.
Irvine always rebounds.
#NotAnExpert
be cautious of when people use absolutes like "never" or "always"
irvinehomeowner said:Like I said, not an expert.hello said:irvinehomeowner said:Nope.
Irvine always rebounds.
#NotAnExpert
be cautious of when people use absolutes like "never" or "always"
People will always die.
People will never live forever.
Irvine prices will always go back up, never stay down.
If you can counter any of those... you are an expert.
HONG KONG (CNNMoney) -
A wall of Chinese money is heading for global real estate as local investors look for alternatives to the country's crashing stock markets.
Chinese buyers have already spent billions in the U.S., UK and Australia, causing property prices to rise -- and experts say much more cash is on its way.
The latest triggers: Chinese stocks have crashed 40% since June, wiping away trillions of dollars in market value; and Beijing surprised investors by allowing the yuan -- or renminbi -- to fall sharply last month.
Chinese are starting to "think money in the bank is not safe -- it won't gain any value if the renminbi is still devaluing," said David Ji of Knight Frank, an international real estate agency. "So people will look to real estate as a more solid investment channel."
8porkchop said:They can buy here all they want and drive up my home value as long as they keep their bad manners and bad driving over seas.