In Texas, Republican state senators have introduced two bills to ban citizens and businesses from four countries, including China, from buying real estate and farms in the state. According to the content, the bills specify that Chinese citizens are prohibited from buying.
With the total value of real estate owned by U.S. households at $42,000 billion based on the most recent figures, it is likely that if Chinese buyers and other overseas buyers continue to leave the market and sell off more and more, it will accelerate the decline in U.S. home prices. According to Wall Street investment bank predictions, the decline will be 15% to 20% in 2023, which would mean that U.S. households could lose $8,000 billion on this item alone.
#inflation #china #debt #yellen #dollar
With the total value of real estate owned by U.S. households at $42,000 billion based on the most recent figures, it is likely that if Chinese buyers and other overseas buyers continue to leave the market and sell off more and more, it will accelerate the decline in U.S. home prices. According to Wall Street investment bank predictions, the decline will be 15% to 20% in 2023, which would mean that U.S. households could lose $8,000 billion on this item alone.
#inflation #china #debt #yellen #dollar