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When we were about to build a new place, we were quoted $13K a square and this private builder wasn't exactly "high class" either. We were quoted $7-$8K/sq for a barebones no frills home from a volume builder. I have no real idea whether that house was built with quality materials and...

Curious if it was a Chinese investor? If so, are they trying to shift there instead of the East (which I highly doubt it).