I have family real estate connections in Ohio and where we get "Foreign money" in Boston from China and other places, Ohio gets "foreign money' from LA or NYC haha.

Consider the Ghost Cities in China.

If we want to live like Communist China, North Korea, Russia or other similar countries (Just look at Venezuela and Cuba and see what happens) then the government can seize private property and socialism / communism will take root.

I really want to find a turnkey rental with an established PM. just some quick info about me so you can understand my struggle.first off I live and work in China.

If you go in like a bull in a china shop you might not like what you break. 

@Ned Carey @Jay Hinrichs @Frank Chin A huge thank you to all of you for the knowledge and feedback.

Hello BP community,Curious what you macro experts out there make of what's occurring in China right now.

Majority of the companies assets are held in real estate which as we all know is fairly illiquid.Is this China's version of Lehman Brothers?

MSM keeps saying China can and is expected to contain this and then as I continue to research...Real Estate is 25-30% of China's GDP (that's been an ongoing problem China has been trying to control and then they back off every time it would start to hurt their economy - RE got too big too fast for it to not greatly affect the Chinese economy, so how in the world does anyone think this won't seriously hurt them now?).

Locals just keep the family China at a relative's house that isn't on top of a fault line.