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Cliff Rohrabacher
01-27-2009, 11:14 AM
http://www.businesspundit.com/chinese-real-estate-investors-descend-on-california/

Chris Padilla
01-27-2009, 11:26 AM
Not surprising, really. Down times like this are when the rich can get richer. Look at all the tools showing up on craigslist and eBay...same thing. I just saw a SawStop on CL advertised for $1500....

Mitchell Andrus
01-27-2009, 12:04 PM
We've been doing this all over the world for decades.

I'll worry when critical mass earns them some sway at the polls.

Ben Martin
01-28-2009, 9:50 PM
I look at this as a good thing, they will buy the house off, preferably, an Americans hands. Putting money into OUR economy.

Cliff Rohrabacher
01-29-2009, 9:08 AM
I look at this as a good thing, they will buy the house off, preferably, an Americans hands. Putting money into OUR economy.\

Quite so.

It is demoralizing just the same

Mike McCann
01-29-2009, 2:24 PM
This happened in the 80's with the Japanese buying up everything like famous golf course and building. When their economy bubble burst they sold it all back at major losses.

Brian Kent
01-29-2009, 3:10 PM
I expect a lot of "unexpected" consequences of our unsustainable trade deficits, especially with China. If they have hundreds of billions of US dollars, eventually they are going to want to buy something.:rolleyes: