And most of those traditional home buyers in the home buying age now, have part time jobs if they’re lucky, with zip for medical benefits and on and on...
In the city of Bellevue (suburb of Seattle), 85% of the homebuyers are foreigners. Spoke with one guy and he said everyone that looked at his house (muliple offers, all higher than asking price) all of them were Chinese except for one Korean family, and one American. The Korean’s and American’s begged him for the house - but the only color that mattered was green (went to a Chinese guy).