by LexusSchmexus » Mon Feb 18, 2019 9:21 pm
Btw, those agents can be smelled from a mile away and are always so easy to recognize. I don't doubt a few Chinese got in early (especially with large plots), but I doubt many got rock bottom prices. Pump and dump after a few years with either locals (thanks to aforementioned unscrupulous Khmer real estate agents who drive prices up beyond belief) or their own countrymen does sound plausible.
Still, they might not be able to dump much when the economy collapses in two years or so. Don't know what to think: some might be tempted by more land, especially after a crashing dollar, but many might be out of cash as the Chinese economy folds back.
Btw, those agents can be smelled from a mile away and are always so easy to recognize. I don't doubt a few Chinese got in early (especially with large plots), but I doubt many got rock bottom prices. Pump and dump after a few years with either locals (thanks to aforementioned unscrupulous Khmer real estate agents who drive prices up beyond belief) or their own countrymen does sound plausible.
Still, they might not be able to dump much when the economy collapses in two years or so. Don't know what to think: some might be tempted by more land, especially after a crashing dollar, but many might be out of cash as the Chinese economy folds back.