Quote from: K-Dog on Feb 07, 2024, 12:29 PMA place for foreigners to park money has been US commercial real estate. I think it is part of back door citizenship. I could be wrong. Back door citizenship might only apply to the homes being bought on all sides of me.
Commercial RE has long been considered a rock solid investment class that would only increase in value, therefore considered low risk. It's a part of every big bank's capital structure. Has nothing to do with citizenship at all, these are all international banks that operate all over the world.
The rich Chinese are buying RE around you because their own RE market is in the toilet and they are trying to park their money in safe overseas investments open to them. Residential RE is in that class. If it wasn't for the Chinese money, the whole western property market would collapse. It will anyway of course. The Chinese have a poor record investing in RE. They Buy High, Sell Worthless. lol.
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