[dirtybird04]

The comment you're referring to blamed "capital flight from Asia" and "local or foreign millionaires". How did you get to "literally blaming Asians"? That's a pretty big jump there bud.

Also, capital from China must be at least an order greater than capital from all of Middle East combined. Not defending their decision not to do anything when your Arabs and Iranians were buying up real estate, just that it was a drop in the bucket and pretty easy to ignore. Chinese capital, on the other hand, is becoming cumbersome for quite a few countries now

[chaostheory]

As an Asian, I agree that embezzled money from China was a big problem, even in the big US metros, though I’m not sure it’s still a problem anymore even before this law passes. Why? China has been preventing capital flight for about two years or more now. I know several millionaires (USD) living in China either as citizens or expats and they all have the problem of not being able to legally get their money transferred out of China.