Chinese property hunters to raid US

Discussion in 'Current Events' started by Shogun, Dec 7, 2008.

  1. Shogun
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    Chinese bargain hunters are preparing to descend on American cities such as Los Angeles and San Francisco, where homeowners have suffered some of the steepest price falls in the US.

    SouFun, the biggest real estate website in China, is organising a trip next month to look at properties in California and possibly Nevada. Liu Jian, the company’s chief operating officer, said about 300 people had expressed interest in the idea in the three days since it was advertised, though the company would take only a small group on the first trip.

    “Given the problems in the Chinese market now, many people have been asking us about taking a look at overseas markets, especially the US,” he said.

    The trip would focus on California, particularly San Francisco and Los Angeles, where big Chinese populations might make his clients more comfortable, but might also include Nevada.

    Restrictions on taking money out of China would be an obstacle, he added, but some potential investors had an overseas connection such as a foreign passport that would make it easier.

    Property professionals say there is considerable interest among wealthy Chinese, who often hold a high proportion of assets in property, in investing abroad.

    “The US market absolutely terrifies me,” said one Shanghai-based real estate executive. “However, there are plenty of people here who think this a great time for bottom-fishing.”

    There is opposition in China to SouFun’s plan. “Unless these people need a house in the US to live in, this is senseless,” said Yi Xianrong, a real estate expert at the Chinese Academy of Social Sciences. “A few years ago there was a lot of talk about investing in German real estate but most of the people who did so lost a lot of money.”

    SouFun, owned by Australia’s Telstra, provides information on property markets in more than 100 cities and has more than 40m registered users.

    FT.com / China / Economy & Trade - Chinese property hunters to raid US
     
  2. WillowTree
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    We are a nation of immigrants.. We welcome Diversity! :clap2:
     
  3. WillowTree
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    In America maybe they will be free to have more than one child.. I hope so.. These are the truly oppressed.
     
  4. Shogun
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    sure, sure.. clearly the immigration status of the former europeans that created this nation implies that we should sell out our nation for the sake of chinese citizens.


    :thup:
     
  5. Shogun
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    oh yes.. fuck the Americans who live here already.. who do they think THEY are? citizens of America? phfttt.. Don't they know America is the tampon of the world and they should be expected to sacrifice their nation at the slightest lure of dangled wealth?
     
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  6. WillowTree
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    the more the merrier.. they shouldn't have to come legally either,, they should just come! by the boatloads.
     
  7. WillowTree
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    I bet they can build some decent cars,, and they will get our factories up and humming again..
     
  8. WillowTree
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    I wonder if they will vote Democrat or Republican??
     
  9. WillowTree
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    we already know they will work very very hard..and what they want is a better living..
     
  10. Shogun
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    indeed, a culture already failing those who live here should pile on as many more as can be unloaded! sure! Hell, 500 people in a john boat sure doesn't sink it! Again, fuck those actual Americans whose nation is pulling the rug from under their feet. Fuckem. There are wealthy chinamen to entice with our global maxi pad!
     

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