At an open house in Palo Alto I saw a bunch of people from China (as confirmed by the agent). I thought there are curbs on money outflows. How are they able to buy here?
What’s the price range of these houses?
I don’t think the investment flow from China ever stopped. It’s always a game of cat and mouse, depending on how eager the money is to get out, and how strict the enforcement is. Recently China is again pouring in liquidity to backstop their economy. Money is sloshing around and we may start to see more of it show up here.
I need to find more 1.5M price house in Palo Alto
It’s a condo.