[Harmless Teddy Bear]

If everyone thinks the prices are too high, who is the market?

China.

No, I am serious. China is buying up west coast real estate.

Personally I think that we should have a law that non-citizens may only buy US real estate if they are residents of the US for more three years, pay taxes and are in the country nine months out of the year.

[reformedliberal]

China.

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Hasn’t that been true for years and years?

[Brian Griffin]

“Personally I think that we should have a law that non-citizens may only buy US real estate if they are residents of the US for more three years, pay taxes and are in the country nine months out of the year.”

Some places in Canada have gotten tough on investment buyers.

The UK put up a stiff “Stamp Duty” tax of up to 6% on home sales. It has slowed sales.

The truth is that investment is quite risky nowadays.