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

[iopq]

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."

[ALToids]

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.

[maurya78]

So America is turning into the new Africa?

[Ron~Popeil]

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

[SunBin]

The printed money has to go somewhere.

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

[sana8410]

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.

[zolace]

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.

[Rigon]

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.

[noviapriani]

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.

[Honeypot]

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.

[Keyara]

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.