Peter Nixeus
Senior member
One of the main causes of the new housing bubble is many Chinese business/factory owners and politicians are buying up homes in cash! They are trying to empty their bank accounts because the new government leaders are investigating and questioning their funds in their bank accounts.
Also from my understanding if they spend $500k to $1 million they can get VISAs to become a legal USA resident.
Also from my understanding if they spend $500k to $1 million they can get VISAs to become a legal USA resident.