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Sure, but that isn’t the assertion I was replying to!

My personal opinion is the wealthy gravitating to a spot are as much about it being a useful ‘nutrient gradient’ on the monetary policy front, after the primary places are exhausted (like the big US cities) or because those places were less accessible now.

But the original assertion I was replying to was that those places never had the rich foreign investor thing happen - when they absolutely did!



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