He also import his own material from China and can use that in his advantage to offer lower cost than anyone else

Because we have to.Even if China's real estate market crashes, the bathtub rule applies.

Look at a fast developing country like China.

Everyone has a theory (China's recession, Brexit, cyclical nature of the market, etc.).I figure this would be a good platform to get some interesting perspectives from a Real Estate Investor's standpoint. 1.

That's using a GC and not doing much of the work myself (I only do tile work and TV/internet wiring myself), in New Orleans.The finishes are as follows; prefinished real 3/4" hardwood flooring (nail down), solid wood cabinets (flat packs from China), prefab 2CM granite counters (with SS undermount sinks), Frigidaire SS appliances, ceramic tile floors in bathrooms, ceramic tile tub surrounds, basic door hardware, recessed lighting living areas, smooth texture walls, builder grade interior doors and trim (door casing, baseboard and shoe molding only, no crown or window casing), painted hardiplank siding, builder grade vinyl windows, basic roof, fiberglass batt insulation.Our land costs are pretty cheap compared to west coast.  

Keep your fingers crossed that the rush to buy land, any land on dry ground, South of Progress Village and Bloomindale continues because companies like Amazon pay outrageous prices for raw land just South of you in Ruskin to build enormous warehouse busineseshttp://www.tampabay.com/news/business/realestate/a...and that the Port of Manatee will be built out, like planned, to be a big container port for the Panamax ships that will be sailing into Tampa Bay to offload everything from China.

How will Chinese billionaires, wanting to get money out of China before the yuan devalues, effect the price of a duplex in LA?  

Pretty sketchy area.Oildale has slightly better appreciation as long as you're north of China grade loop, or at least norris, but since it's multi I'm assuming not since that's mostly SFH.

I've heard that a lot of that illegal firework 'falls' off the ships from China and the longshoremen will then 'find' it. 

My parents live in China and retired at the age of 54 as their commercial rental space are generating enough income to cover their expense.