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Chinese investment in PA real estate about to get a lot smaller.

Original post made by Noah, Crescent Park, on Jul 15, 2014

Change is afoot. The Chinese Govt. didnt mind outflows of Chinese rich peoples money through Hong Kong into real estate when the yuan was appreciating. It helped keep it down relative to the US dollar and increase exports. Now however they want the yuan to depreciate to make China more competitive again and their housing bubble is deflating - fast. So they need to stem these flows of capital. So now they want to stop the outflows and have slapped an "inquiry" onto the Bank of China which was only doing what all the others have done and that is find a path around the rules. That is the way China works. There are rules for some and not for others. However this will have a big effect on Palo Alto house prices, as it will on Vancouvers.

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Comments (3)

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Posted by CrescentParkAnon.
a resident of Crescent Park
on Jul 15, 2014 at 6:06 pm

I heard this back a few months too ... doesn't seem like it is having much effect yet.

> Chinese investment in PA real estate about to get a lot smaller.

Lots of info on Chinese banks, but not much data on how that affects Palo Alto Real Estate values or what to expect? A slowdown might just indicate to people that now is a good time to buy before the next onslaught of price rises.

Like this comment
Posted by Soul Brother
a resident of East Palo Alto
on Jul 15, 2014 at 7:05 pm

[Post removed.]

Like this comment
Posted by Hope so
a resident of Community Center
on Jul 15, 2014 at 10:13 pm

[Post removed.]

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