Tuesday, December 9, 2008

Chinese touring the US to buy up properties.

This is so totally interesting, and smart. Whoever came up with the tour group idea had a great idea. The jist of the article from the LA Times is that cash rich Chinese are coming to the US in groups (tour groups) to tour homes all over the US that have heavily depreciated in value or are in foreclosure.

http://www.latimes.com/classified/realestate/rentals/commercial/la-fi-chinahomes7-2008dec07,0,2730503,full.story?ref=patrick.net