“While wealthy Chinese home buyers have pulled back on U.S. purchases in recent months amid the market turmoil at home, investors looking for commercial property have kept buying aggressively, brokers said. Many have centered on unlikely investments such as small office buildings, chain hotels and other nondescript properties in and around big U.S. cities, seizing an opportunity to place greater sums of money outside their government’s reach. China’s middle-class families, meanwhile, have received attention for their purchases of individual homes and condo units in U.S. cities. Those transactions could be cooling, too, as Beijing tries to keep money from exiting the country.”
Related posts:
Underground Economy Helps Account for Discrepencies in Economic Data
McGruff, The Crime Dog, Sentenced To 16 Years For Pot, Weapons
Neighborhood secession creeps into Scarborough property tax dispute
Spain: Unemployment For Under 25s Over 55%
Nine current and former Philadelphia Traffic Court judges charged in probe
George Soros Sees Crisis in Global Markets That Echoes 2008
Why are so many bankers committing suicide?
Supreme Court rules ‘first sale doctrine’ applies to lawful copies of a copyrighted work
Maligned dollar flourishes in Venezuela
India monitors BlackBerry emails without encryption codes?
Despite fever, CDC cleared Ebola-infected nurse for airline flight
He plowed his field; now he faces a $2.8 million fine
N.S.A. Gathers Data on Social Connections of U.S. Citizens
Parents now face hard consequences for leaving kids in car
Richard Branson: Space tourism won’t hurt environment