Deals are sure to be had, but what about the commute?
By Johnny Roosh
You know the US real estate market must be close to bottoming out when the Chinese are coming here looking for deals.
Beijing lawyer Ying Guohua is heading to the United States on a shopping trip, looking not for designer clothes or jewelry, but for a $1 million home in New York City or Los Angeles.
He expects to get a bargain. Ying is part of a growing number of Chinese who are joining tours organized especially for investors who want to take advantage of slumping U.S. real estate prices amid a financial crisis.
那裡是鄰里 (There goes the neighborhood).
February 12th, 2009 at 3:06 pm
Waiting for AC’s obligatory laundry joke…
February 12th, 2009 at 4:06 pm
Used to be Americans who had the money, and who made trips like this to other countries. Then it was the Japanese.
The wheel turns; now it is the Chinese. Interesting, as at one point it was the Dutch who were the largest foreign investors in the US, although I believe that was a commercial property factoid…