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Started By
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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.
3
Posted on 7/8/13 at 4:16 pm to TejasHorn
Setting up for the invasion
Posted on 7/8/13 at 4:19 pm to SG_Geaux
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 7/8/13 at 4:26 pm
Posted on 7/8/13 at 4:21 pm to LSU0358
Bolt holes, probably.
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.
Posted on 7/8/13 at 4:29 pm to SG_Geaux
quote:
Setting up for the invasion
time to put on the tin foil hat
Posted on 7/8/13 at 4:47 pm to SG_Geaux
quote:Nah, just looking for buildings where they can store all their bitcoins...
Setting up for the invasion
Posted on 7/8/13 at 9:32 pm to trillhog
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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