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Chinese buyers snapping up expensive U.S. homes and paying cash
Posted on 7/8/13 at 4:15 pm
Posted on 7/8/13 at 4:15 pm
Thanks y'all for bailing out the U.S. housing market.
LINK
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.
Posted on 7/8/13 at 4:16 pm to TejasHorn
Setting up for the invasion
Posted on 7/8/13 at 4:28 pm to TejasHorn
I've sold 5 properties to Bulgarian investors this year, all in the same neighborhood.
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