ELI5 about the Chinese real estate market in general? This is how they got to where they are today:
- Investing in China sucks. The stock market is extremely volatile and there seem to be a lot of shady activities, banks get bank runs so you couldn't even put too much money in banks, etc
- In contrast, real estate is heavily subsidized by China's state capitalistic approach, so it became a really "stable" investment... because government subsidized it
- Because of this, everyone buys or want to buy real estate in China. In fact, people are willing to buy places that would almost never be lived in, because of possibility of appreciation... so we're approaching NFT-level bullshit here
- Additional point: because of the above point, Chinese investors would buy real estate even when abroad & the RE market is not nearly as favorable. Obviously this causes some frictions... like a good chunk of Canadian citizen blaming Chinese ppl on raising home prices
- Chinese economy is now facing hardship, so the real estate bubble is finally showing signs of leakage in the past few years
I am not an economist and cannot offer insight as to whether this would turn into an 2008 moment... Nevertheless, I am aware that Soho is an extremely well-known developer, and that the Chinese economy is to a large extent built on top of real estate. And despite how much I dislike China, it is one of the world's largest economies, and large economies don't just go belly-up without inflicting heavy damage on the whole world... So this is not good news by any means.
I'm sorry OP I couldn't answer your questions directly since I am in a same boat, so I can only share my experience trying to get there... Maybe some of this would be useful
So the only immigration-friendly countries I can find are Canada, Australia, and Germany. Not a big list to begin with, but for US citizens there might be more options with other EU countries. Canada has... issues, someone else in the thread mentioned about their experiences. Australia apparently is closing its doors. Sweden used to be fine but I heard things went really South for them a few months ago.
And if you're a lurker on Reddit you probably know r/IWantOut? Country-specific wise I know r/Germany has a phenomenal wiki for their stuff, and Canada has r/immigrationcanada. Unfortunately a lot of good information is still on Reddit so yeah
Other countries... I don't think Asian countries do much immigration at all, feel free to correct me if I'm wrong. Maybe some EU countries are fine depending on heritage and/or where you are from. I have no idea what's going on in Africa, if anyone knows something plz let me know.
For your privacy plz don't answer in this thread, but 1) how old are you, 2) what type of education do you have, and 3) what type of work do you do? Having a college education and an in-demand career goes a long way, although this is also country-dependent. And yeah under many circumstances your employer could help you with the process. Certain parts of Canada and Germany obviously have language requirements, but a lot of other countries accept English. I heard some places allow investment-based immigration, but 1) it's expensive AF and 2) not sure if countries that allow this plan are remotely desirable for US citizens...
Also side note: please DO NOT give up US citizenship unless you have a really good reason to / already have something in your bag. I'm not a citizen here, and most US citizens have no idea how excruciating it is to immigrate to this country