Chinese Find Opportunity In Slumping U.S. Real Estate Prices

McClatchy:

BEIJING -- Amid a U.S. real estate prices downturn, some wealthy Chinese are signing up for house-buying tours to the United States, and Chinese media tout the trend as another sign of the strength of the world's third-largest economy.

Read the whole story: McClatchy

Comments

[roxette]

My landlord is in forclosure, I have to relocate maybe the chinese are more reliable.

[Joshua Sophy]

Defective Chinese drywall may have been found in Mississippi: http://www.newsinferno.com/archives/5401#more-5401

[doriath22]

Seen it all before. Anyone remember back in the 80's when the Japanese were going to buy up all the cool real estate? Remember how that turned out?

[dontsellmyemail]

"If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

We were warned!!!!!!

[JoeBlough]

Another economic sector where the Chinese will save our bacon. The more we sell, the safer we will be. When China owns vast streches of our nation, they won't let the terrorists come in.

[indi1216]

Agreed