Yet some Chinese buyers seemed more interested in scooping up trophy properties that their new owners felt brought prestige, political clout and helped promote their brands for global expansion, analysts said. And while Chinese buyers never represented more than a fraction of the activity in any major U.S. city, the big checks they wrote helped push values higher in certain segments of the market.
“Without that big push from Chinese investors, the market doesn’t have that rocket-propelling fuel to it,” said Mr. Margon.
I wonder how much of that rocket fuel was splashed on California.
Might be a silly question, but is there anything positive to Trump’s trade war with China? I don’t want to countenance the idea that Trump’s protectionism and phony concern over negative trade balances might actually be a net positive (as if we could measure such a thing); that it may be forcing China to... behave in a manner more in line with our interests?
I’m about to take a class on international trade and monetary theory. I wonder if I’ll be able to answer this question myself in 4 months. RemindMe!