Posted on 10/23/2015 6:40:48 AM PDT by smartyaz
There is still a large amount of foreign money flowing into targeted markets for the direct purpose of purchasing real estate. Not cheap real estate but trophy properties.
“(Bloomberg) Buyers from China and Asian-Americans purchased about 80 percent of the 47 houses sold at Tri Pointe Homes Inc.’s Arcadia at Stonegate community in Irvine, about 40 miles southeast of Los Angeles, according to Tom Mitchell, president of the Irvine-based builder.
Almost half of the buyers paid cash for houses in the development, at prices starting at $1.16 million, he said. The company has been surprised by how word travels among overseas buyers. “A Chinese national bought one of our houses at Arcadia in Irvine after reading about it on a blog,” Tri Pointe CEO Doug Bauer said in a telephone interview. “It was a Chinese blog. We couldn’t even read it.”
If anything this shows how even a working professional couple is going to have a tough time buying that $1.16 million new home in Irvine. And these places are built right next to each other. But these builders know their audience. And that audience is probably not you unless you are prepared to buy with a suitcase of cash. On the other hand, there is now a trend in Irvine of people listing their properties on AirBnB and VRBO so you might be living next to one of these homes that suddenly turns into a high priced rental. Of course this is probably (very likely) against most HOA rules. Of course current residents aren’t taking too kindly to their “quite safe” neighborhood turning into a high priced hotel:
(Excerpt) Read more at doctorhousingbubble.com ...
Ditto with many suburbs in the San Gabriel Valley just east of L.A. You would think you were in China driving through some of those suburbs.
What happens if or when China and the US go to war?
Many Asians actually work hard for a living and value education and obey the law.
Better a suburb that “looks like China” than one that looks like certain other armpits of the world that shall go unnamed (cough cough Tegucigalpa).
Far as that goes, better a suburb that looks like China than one that looks like Baltimore.
This looks VERY bad.
10 to 1 the Chinese folks are buying it on LOANED money being pushed by the Chinese government.
We know how well that worked out for the Japanese in 1989.
If you haven't checked out the The Racial Dot Map you should. It tells you what birds are flocking together and where they are flocking.
Coming to a neighborhood near you soon.
For example, checkout the Greater LA/Orange County Area and look for RED. Ditto San Francisco and the Bay Area.
Asians are also buying half the houses in Malden, MA. Their kids are also, most of the MHS Band. The Tennis team. And the service clubs like KEY Club. They are also the only ethnic group in the school system that has no need for ESL courses. There is a Super 88 in my Italian neighborhood. Asians are the minority among the shoppers.
Far as that goes, better a suburb that looks like China than one that looks like Baltimore.
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Its unlikely that many wealthy Asians will be purchasing real estate in or around Baltimore. lol
Agreed. Preferable to the barrio. They work hard. Many own businesses. They are strong believers in education and most seem to be church goers. I certainly think all of these are admirable traits. Their voting patterns...well...that’s another story. Here in CA they voted for BHO almost as heavily as Hispanic and Jewish voters.
Many would welcome the Chicoms as liberators after years of oppression under BHO.
Ha Ha. Given many of their people are spies or actively recruited as spies by the Chinese govt, I look askance at them.
When my wife left me, she moved to Irvine. After about six months, she needed an operation, and nobody was rushing to help her out. I stepped in, to do her shopping, and some household tasks. Two observations - the Asian people treated me as if I was a second class citizen, but the facilities, everywhere, were top notch. A lot of the building standards have to do with the Irvine Company, but it was a definite dichotomy.
Good thing all those Anglo-Saxons died face down in the dirt in one war after another for America.
Gotta clear the way for the Chosen Ones of China’s billions to settle in smug peace on the land they died for.
Really? Do you have a source for this?
The red doesn’t worry me nearly as much as the green. BTW, we need a new dot map with Muslim dots.
>> Their voting patterns...well...that’s another story.
I don’t get that either. American Jews — same story. Hard workers, bright people, dodgy voting patterns.
Make that dodgy, SELF DESTRUCTIVE voting patterns.
American didn't fight wars for the purpose of keeping future non Anglo-Saxon immigrants out of our country. Your comment has an obvious racist tone.
Indians, Iranians, and Pakistanis are Asian dots on that map. Near us, there’s a big Indian sub-continent community west of us, and a Korean one south, both the same color. Just south of a main road is all Latins. The map is pretty accurate.
It could be useful to find no-go zones, if one is thinking of taking a trip.
Liberalism and Leftism are deeply embedded into Jewish DNA unfortunately.
With the Asians-—I think they are more open to the conservative/Republican point of view-—there is certainly a lot of common values-—however the GOP’s position on immigration and the Dem’s lax position is probably the main factor causing Asians to vote Democrat right now.
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