Quote:
Originally Posted by Gululu
Truth is, foreign money only accounts for very little in all the transactions in our real estate market. Most of time, foreign buyer with cash purchases are only interested in top luxurious homes, not the 500k condo segments.
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Maybe for your circle of friends and family that drives $500k cars. But they are many foreigners who are not as rich as the people you know who are buying the 500k condos and driving $50k Mercedes.
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