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2011-02-27
What is Chinese gov't policy for Foreigners to buy house(s) in China?  Are forigners treated the same way as local Chinese people? what is the process to buy a house for foreigners (loan, pre-approval, brokers, lock down the loan for 30days before closing? final closing?)... How about the loan option (30y fixed, 15/20yr arms, jumbo loan?).  Any down side risk for foreigners to buy a house in China (say in Beijing)?
Many thanks for any advice!
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2011-2-27 03:00:43
Do not buy, its a huge bubble, lots of down side. If you have to live there, and almost no upside, so its cheaper and less risky to rent.
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2011-2-27 07:39:32
Thank you for the advice, but could you please be more specific, like why it is huge bubble (cause timing?), and how you conclude that... any "index/benchmark" to compare and to what extend is good to buy?  In general, what is the process for foreigner to proceed to buy a house?  Any limits on buying (say per household one house per year?).....
Many thanks!
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