Foreign investment bringing the average home price up

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I have seen that when the migrant population of a city goes up, often the average home price follows. I have in the past been offered asking price with no negotiations necessary from China based investors. Is this behavior good for a city's real estate market? Is it good for society in the city? When the minimum cost to buy a home skyrockets, surely this ruins the market for young couples and families. What do you think?