Consequence of turning “home” into a financialized “asset class.”
Manhattan and Miami already get mauled. Now expanding to San Francisco, Silicon Valley, Southern California, even Texas!
Targets Foreign Buyers with 15% Tax.
“The only word to describe the Dallas housing market is ‘frenzy.’”
But don’t just blame Brexit.
Unlike stocks, a housing bubble can only go so far.
Oh no! Not now! Chinese investors buy fewer homes in the US.
The benchmark price for homes in Metro Vancouver soared 32% in June!
Already happening, with impeccable timing.
And condo prices plummet 14.5% in 3 months.