Well, one of the sub-themes of the article was that Chinese investors are underpinning this situation. So you&#x27;ve got a lot of players in the market with no interest in actually living in the city.<p>I think the effect you mention is probably a lot more relevant to the people selling at below market to speculators that approached them, because if they were assuming that they could finance a home purchase in the city with the proceeds of the sale, they&#x27;re going to find their purchasing power significantly weaker than they were probably expecting (given that they just clear 3x their original investment, &quot;YAY!&quot;). On top of that, with many agents speculating themselves, and a lot of foreign investors on the buy side of the market, they&#x27;re likely to find that they are now swimming with sharks having just sold their boat.<p>Additional commentary: If you find yourself in this situation, you might as well try to get a loan to buy a new house before you sell your current shelter from the elements. If you&#x27;re no longer able to get a loan for an amount that would get you a house in your area, perhaps that&#x27;s an indication that you should be very careful with how you proceed. It still may be worth selling, even taking a below market offer (conceivably). But now you know that selling your house is going to mean moving to a more buyer friendly market in advance of committing yourself. Or... if you&#x27;re the gambling type, renting in anticipation of a bubble burst (though I think heavy foreign investment messes with people&#x27;s expectations of what is too hot for a given market; certainly it is fickle, but can potentially prop prices up significantly above historical levels for a long time).