Seems s/he's saying that wealthy Chinese people are buying property on the West Coast of the US.
If their market crashes and individual wealth drops, they wouldn't be able to pay their mortgages, which I guess would be a problem for lenders in the US?
Lots of leaps here, but I can see a connection if his/her facts are right.
If their market crashes and individual wealth drops, they wouldn't be able to pay their mortgages, which I guess would be a problem for lenders in the US?
Lots of leaps here, but I can see a connection if his/her facts are right.