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
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3 comments:
Interesting to hear about the news.
make the hay when the sun shines.. That is really interesting.. and many a people say that this time of recession is te apt time to invest as the invest cost would be minimum..
wow, it becomes hot there...must leave China?
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