{"id":33616,"date":"2009-02-12T21:15:41","date_gmt":"2009-02-13T04:15:41","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=33616"},"modified":"2009-02-13T06:55:21","modified_gmt":"2009-02-13T13:55:21","slug":"the-chinese-are-coming-to-buy-bargain-us-homes","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2009\/02\/the-chinese-are-coming-to-buy-bargain-us-homes\/","title":{"rendered":"The Chinese are Coming, to Buy Bargain US Homes"},"content":{"rendered":"

Some of Chinese new rich have joined the tours to take advantage of good deals on real estate in the dismal economy in the U.S., from AP<\/a>:<\/p>\n

Beijing lawyer Ying Guohua is heading to the United States on a shopping trip, looking not for designer clothes or jewelry, but for a $1 million home in New York City or Los Angeles.<\/p>\n

He expects to get a bargain. Ying is part of a growing number of Chinese who are joining tours organized especially for investors who want to take advantage of slumping U.S. real estate prices amid a financial crisis.<\/p>\n

“It’s a great time to buy because of the financial crisis, and houses in large cities like New York and Los Angeles will definitely go up in a few years,” Ying said. The home is an investment, but he’s also planning long-term: He hopes his 5-year-old son might use it if he goes to college in the United States.<\/p><\/blockquote>\n

See also an earlier USA Today story <\/a>on the same topic.<\/p>\n","protected":false},"excerpt":{"rendered":"

Some of Chinese new rich have joined the tours to take advantage of good deals on real estate in the dismal economy in the U.S., from AP: Beijing lawyer Ying Guohua is heading to the United States on a shopping trip, looking not for designer clothes or jewelry, but for a $1 million home in […]<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[116,2],"tags":[2012,4062,779,340,695],"class_list":["post-33616","post","type-post","status-publish","format-standard","hentry","category-world","category-economy","tag-investments","tag-new-rich","tag-overseas-investment","tag-real-estate","tag-wealth-gap","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\nThe Chinese are Coming, to Buy Bargain US 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