Chinese citizens are not allowed to invest overseas, so there has been a real boom in real estate as people look for safe havens for their wealth.
lnc said:Why are all those houses empty?
1. The builder fail to put enough money in the red envelop so the government seize the property.
2. They discover nuclear toxic waste buried under ground and no one want to live there.
3. It's a movie set, those are not real houses.
4. World War Z is real and that's the ground zero where patient zero lived.
5. They all move to Irvine and that's why all the houses are empty over there.![]()
They are? So who the hell is buying up all these Irvine homes above $1m in cash??? hahajmoney74 said:hence why their rich folk are moving out of the country.
irvinehomeowner said:But the article says "No can put money outside of China".