Land Grab: America for sale, Rich Chinese are snapping up America's real estate

Keyara

full member

Activity: 174

Merit: 100

Quote from: Honeypot on July 09, 2014, 09:33:25 AM

So the chinese are bag holders now. Their debt is in US dollars which US can do whatever they want with.

LOL who's fooling whom? You decide. It's not the one with the money that gets to decide the future. It's the one making the money.

The case on who is fooling who is yet to unfold.

Honeypot

sr. member

Activity: 420

Merit: 250

So the chinese are bag holders now. Their debt is in US dollars which US can do whatever they want with.

LOL who's fooling whom? You decide. It's not the one with the money that gets to decide the future. It's the one making the money.

noviapriani

sr. member

Activity: 350

Merit: 250

So the Chinese governments holds Trillions of US treasury securities and the Chinese people hold Billions of dollars of US real estate. Guess I will be enrolling in Mandarin class in local community college soon.

Rigon

sr. member

Activity: 994

Merit: 441

Quote from: iopq on July 08, 2014, 07:27:39 PM

http://money.cnn.com/2014/07/08/real_estate/home-sales-to-chinese/index.html?iid=HP_LN

"Why are they buying? Only 39% of Chinese buyers said they intended to use their purchases as their main home.
Some may buy condos for their children attending U.S. colleges. They hope that, in addition to saving on dormitory fees, they can make benefit from home price appreciation by the time the students graduate.
Others are becoming landlords, buying cheap homes in distressed economic pockets, like Detroit, and renting them out."

90% of foreigners who buy American real estate do not even aware about real estate taxes and fees associated with home ownership in United States.

zolace

sr. member

Activity: 364

Merit: 250

Lets go to WalMart and buy more cheap, plastic junk so we can help more Chinese buy probably the only tangible asset we have left in this country.

sana8410

sr. member

Activity: 448

Merit: 250

This sounds like the scare when Japanese investors were buying property 20-30 years ago. Everyone thought America was selling out to the Japanese.
Having worked in Asia for several years, the only thing I would suggest is that the US have reciprocal land purchase agreements with every country. It's sickening when someone from any Asian country can buy property here, but in most Asian countries we can not buy property.

SunBin

full member

Activity: 151

Merit: 100

The printed money has to go somewhere.

And the producers and now coming back to US to use their earned profit.

Ron~Popeil

sr. member

Activity: 406

Merit: 250

Better the Chinese than the federal government. I actually fear that latter more.

maurya78

hero member

Activity: 490

Merit: 500

So America is turning into the new Africa? Wink

ALToids

hero member

Activity: 519

Merit: 500

Quote from: iopq on July 08, 2014, 07:27:39 PM

http://money.cnn.com/2014/07/08/real_estate/home-sales-to-chinese/index.html?iid=HP_LN

"Why are they buying? Only 39% of Chinese buyers said they intended to use their purchases as their main home.
Some may buy condos for their children attending U.S. colleges. They hope that, in addition to saving on dormitory fees, they can make benefit from home price appreciation by the time the students graduate.
Others are becoming landlords, buying cheap homes in distressed economic pockets, like Detroit, and renting them out."

Well if our government's answer to trillion dollar debt is to print more money, their answer is to take more assets and have that asset inflate.

iopq

hero member

Activity: 658

Merit: 500

http://money.cnn.com/2014/07/08/real_estate/home-sales-to-chinese/index.html?iid=HP_LN

"Why are they buying? Only 39% of Chinese buyers said they intended to use their purchases as their main home.
Some may buy condos for their children attending U.S. colleges. They hope that, in addition to saving on dormitory fees, they can make benefit from home price appreciation by the time the students graduate.
Others are becoming landlords, buying cheap homes in distressed economic pockets, like Detroit, and renting them out."

Topic: Land Grab: America for sale, Rich Chinese are snapping up America's real estate (Read 859 times)