- This topic has 0 replies, 1 voice, and was last updated 9 years, 10 months ago by Anonymous.
- July 1, 2011 at 8:29 pm #226685AnonymousInactive
Whilethere have been stories of Chinese buyers being very active in the US market I
was wondering whether it was having a significant impact on house prices here
in LA? Because house prices are still too high and it makes no sense.
Are there sufficient Chinese buyers in the market creating a multiplier effect and
increasing house prices?
How come a US citizen has to pass all these hurdles to buy property in China while they
can come here and buy anything with ease? And I believe if you invest $1 million
and hire ten people you get automatic citizenship. Are the Chinese using real estate investment to get citizenship? Is that even possible?
I know for a fact that the Chinese are buying every single high end luxury car
they can possibly get in California for shipment to China. Does anybody have an
reliable data on how many Chinese or foreign buyers are buying property in
California? And should we not ban that or at least put up the same rules they
have for us when we try to buy property in China?
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