

Hey OP, I am similar to you in most aspects but I’m a lot younger, so please take it with a grain of salt…
I also live in Texas, and honestly I thought a lot of less privileged folks or ppl with family ties would love to be in your situation and just leave? It’s not just about politics. Even if tomorrow Texas becomes a liberal stronghold, it will still take possibly at least a decade to fix ERCOT, the climate issue, and flooding issues (if you live in Houston)… This clusterfrick alone was enough to prompt me to never live in Texas again once I’m done with grad school
Besides, my understanding is that there are a few left-leaning metro areas which have suburbs (or live in the city!) that don’t cost that much more to live in compared to mid-/upper-mid-class TX suburbs, so there’s probably no financial disincentive to move either
ELI5 about the Chinese real estate market in general? This is how they got to where they are today:
I am not an economist and cannot offer insight as to whether this would turn into an 2008 moment… Nevertheless, I am aware that Soho is an extremely well-known developer, and that the Chinese economy is to a large extent built on top of real estate. And despite how much I dislike China, it is one of the world’s largest economies, and large economies don’t just go belly-up without inflicting heavy damage on the whole world… So this is not good news by any means.