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TejasHorn
Texas Fan
High Plains Driftin'
Member since Mar 2007
4455 posts

Chinese buyers snapping up expensive U.S. homes and paying cash
Thanks y'all for bailing out the U.S. housing market.

LINK

quote:

At a median price of $425,000, the Chinese are also buying more expensive homes than other foreign buyers, who spent a median of nearly $276,000 on U.S. homes. And nearly 70% of those pricey Chinese deals were made in all cash.

Nowhere is the influx of Chinese homebuyers felt more strongly than in California, where more than half of the homes sold to foreign buyers went to Chinese nationals.



SG_Geaux
LSU Fan
Googolplexian Posts
Member since Aug 2004
56472 posts
 Online 

re: Chinese buyers snapping up expensive U.S. homes and paying cash
Setting up for the invasion


LSU0358
LSU Fan
Member since Jan 2005
5938 posts

re: Chinese buyers snapping up expensive U.S. homes and paying cash
quote:

Setting up for the invasion


Protecting there net worth by buying hard assets in the rising US dollar. If they can rent the property out they really hit the jackpot.
This post was edited on 7/8 at 4:26 pm


Cold Cous Cous
LSU Fan
Member since Oct 2003
14277 posts

re: Chinese buyers snapping up expensive U.S. homes and paying cash
Bolt holes, probably.


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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
8217 posts

re: Chinese buyers snapping up expensive U.S. homes and paying cash
I've sold 5 properties to Bulgarian investors this year, all in the same neighborhood.


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mydadpulledout
LSU Fan
Member since Jul 2013
613 posts

re: Chinese buyers snapping up expensive U.S. homes and paying cash
quote:

Setting up for the invasion


time to put on the tin foil hat


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LSURussian
LSU Fan
Member since Feb 2005
87182 posts

re: Chinese buyers snapping up expensive U.S. homes and paying cash
quote:

Setting up for the invasion
Nah, just looking for buildings where they can store all their bitcoins...


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trillhog
Elite Membership
Member since Jul 2011
18772 posts

re: Chinese buyers snapping up expensive U.S. homes and paying cash
Russian's and South American's are buying up the extreme pricey stuff though. that price in California doesn't sound all that high.

just a few 25 mil plus sales from some russians

LINK
This post was edited on 7/8 at 5:24 pm


tankyank13
NOLA
Member since Nov 2012
3321 posts

re: Chinese buyers snapping up expensive U.S. homes and paying cash
While Americans finance cars for 84 months and buy furniture, lawn mowers, etc interest free 12 months or buy electronics with credit


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