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Success In Curbing Chinese Capital Outflows Spells Disaster For High End NY/SF Real Estate

Bloomberg today called attention to waning Chinese demand for U.S. real estate, a topic that we've discussed thoroughly over the past month, pointing to a recent report from the National Association of Realtors which indicated a YoY decline in total sales to Chinese buyers for the first time since 2011 (see our previous post on this topic here: "The Party Is Over: Foreign Interest In US Real Estate Tumbles To 3 Year Lows").
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