Why would you compare a major tourist destination with a population of over 300k and an endless supply of tourists and expats, to a small residential city in the US that no one has heard of? Chinese investors are lapping up these condos. They can't get enough.
A new condo building was constructed at my back door during the COVID-19 pandemic, and I predicted they would have a difficult time selling and/or renting them out, as they were being sold for ridiculous prices—251 tiny apartments. I was wrong. They were soon sold and rented out.
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