It reads more like a press release than a serious report, but a reader directs us to the “Chinese property hunters to raid US” piece in the Financial Times. The counterpoint:
“Unless these people need a house in the US to live in, this is senseless,” said Yi Xianrong, a real estate expert at the Chinese Academy of Social Sciences. “A few years ago there was a lot of talk about investing in German real estate but most of the people who did so lost a lot of money.”
Ah, those mythical foreign saviors.
∙ Chinese property hunters to raid US [Financial Times]
∙ Recap: What’s The Scoop On Foreign Investment In San Francisco? [SocketSite]