Did China Just Crush The US Housing Market? Submitted by Tyler - TopicsExpress

Did China Just Crush The US Housing Market? Submitted by Tyler Durden on 07/10/2014 14:50 -0400 A few days ago we finally closed the door on any argument who the marginal buyer in the US luxury housing segment was - the answer: Chinese oligarchs, scrambling to launder their hot domestic money abroad (as we predicted first two years ago) and now that Switzerland is no longer a safe offshore venue where one can park cash, they picked US luxury housing as the best money laundering alternative.

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