Comment by anonymous5133

IMO, I think the foreign buyers will be a bigger factor than many think primarily because it was an external force not directly reliant on local wages to buy. In essence, the foreign buyers were able to prop up or increase prices much higher than the market equilibrium. If you take away those buyers then the whole thing quickly loses its foundation and falls in on itself. I think this will be the case. People think the foreign buyers are always going to be there but this is hardly the truth.