[YZF]

There are lot of rich Chinese people. A friend of mine in a Vancouver suburb sold their place three months ago to a buyer from China who paid cash and who left the house empty. That's a fact. Another story I heard which may or may not be fact :) but I tend to trust is that someone came in to a local insurance office to insure 30 houses they owned. Houses in the Vancouver suburb I live in went from about 700K to 1.4M in two years in direct correlation with the arrival of foreign buyers. Some of those actually do live in those houses but a lot of houses are left empty.

China owns $1.25 trillion of US debt. I think this gives a window into the amount of money sitting there. That's a million $1M houses. Vancouver has 47K houses...