another scenario, look at Canada and Australia

The wealth of Chinese will have to go somewhere. Now, any Chinese, if they have an apartment in urban area of 1-2 titer city can already afford a decent US suburban house. The new EB5modification enables almost everyone owning an apartment in the downtown area of 1st tier cities to get green card here.If we still think that US is the best place to live, they would think the same way. Thus, the cities with the attraction to the foreigners should see big house price increase, which comes back to the so called "housing is always local" theory.