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As I've written before, there are myriad reasons for the Bay Area housing crisis from restrictive zoning to overseas capital flows to a rapidly widening income distribution that is making it hard for lower- and middle-income to keep up with housing costs. .
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While overseas capital has long flowed into the resource-rich country's mining, oil and natural gas sectors, many of today's new foreign investors are focusing on the Indonesian consumer.
At the higher-end of the market in suburbs like Palo Alto, there is overseas capital from China flowing into local homes because the property market abroad is slumping.
They have to do with how overseas capital from non-resident home buyers and increasing flows of short-term rental tourists are subverting the protective scaffolding the U.S. originally built half a century ago around residential property to stimulate home ownership for the middle-class.
Officials from Lehman in New York are working with Pricewaterhouse to determine where the $8 billion figure came from, a process that could take weeks given the size of daily capital flows between the parent company and its overseas subsidiaries.
Although capital flows more easily, there are additional costs in raising money overseas.
Beijing officials regulate international capital flows so tightly that the central bank dominates China's overseas investments.
And capital flows have reversed.
Should capital flows be curbed?
Capital flows between rich economies were restricted.
Underneath the political tension is an economy that has proved increasingly attractive to overseas capital.
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