The Countdown Starts
From Curbed.com blog
By Curbed.com, Monday, February 16, 2009.
The Financial Times first reported on that delegation of Chinese buyers coming to pick over the bones of our real estate market, and now ChinaDaily.com follows up, announcing the group will arrive March 24 in Los Angeles.
A 40-something Beijing lawyer tells ChinaDaily, "I plan to buy an apartment in Los Angeles or New York, with the total price hovering around $1 million."
According to the news outlet, the "40 members were selected from more than 400 applicants. Most of them, aged 35-50, are executives from real estate companies, enterprise owners or senior managers of multinational corporations."
Copyright (c) 2009 Curbed.com LLC
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Submitted by Joseph Bridges on February 16, 2009 - 5:17pm.
My father inlaw who operates a real estate brokerage out of Madera County (just outside Fresno) said that he had already been contacted by a group representing Chinese buyers.
Property has to get sold to someone and if we don't like who we are selling to we should make sure not to put ourselves in a position where everything is on sale.
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Submitted by Eliese Pivarnik on February 16, 2009 - 8:59pm.
I'd love to show the Chinese around our Colorado ski resort. Ni hau!
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