Remember how Atlantic Yards was, as the flyer said, "Helping Solve Brooklyn's Housing Crisis"?
Maybe it's the housing crisis faced by rich Chinese.
The Wall Street Journal reported 12/29/15, Chinese Developers Build in America, but Look for Buyers at Home, describing a tutorial in Shanghai regarding American Thanksgiving, aimed at Chinese buyers:
Instead, the attendees were being sold new condos in the U.S. being built by Chinese developer Greenland Holding Group, coupled with a culinary and cultural lesson on the autumnal holiday.
Greenland is in the process of building two large apartment projects, one in Los Angeles and the other New York, and is turning to its standard client base—Chinese investors—to help fill them up...But in man…