Real esate purchase seems more like corrupt crooks of China sending out their ill-gotten money to U.S. for safe-keeping. When China goes south, watch these folks showing up in America, proclaiming their love for freedom and democracy. In reality, they only love their money.
Ping!
It worked pretty well for the Japanese.
I've got that sinking feeling. I wouldn't sell to the Chicoms if my life depended on it. What they own, they can control.
I don't think the Chinese have THAT much money, but if they invest in US real estate, then it's REALLY good news for the US and for the prospect of peace between us. I can't imagine tha the Chinese are going to engage us militarily if they've got their money in US real estate. It would be very easy to simply seize it.
You make an excellent point. But if I was a Chinese Entrepreneur I'ld want to invest in something that the Chinese Govt couldn't possibly confiscate - which would act to strengthen property-rights back in China.
Ill-gotten? Have you been to Target or Wal*Mart lately? China is getting our US dollars fair and square, from the profligate consumerism of American citizens.
come on sucker - 30 Rock wants another buyer and the Pebble Beach Golf course was an example of 100 million down the drain. American commercial real estate is not fro the new rich, it is a sheep shearing waiting to happen.