That's what I thought, they will seize property owned by foreigners, at any time they can deny visas. You will get ripped off. You have no guanxi. Why do I have to pay such a high deposit, in US can buy zero down?

Meanwhile, the chinese are saying Wenzhou business men are making millions buying up apartments in Shanghai. Even if you are uninformed (stupid) you can make a lot of money.

As a foreigner residing outside China..well I passed on it.