Article

2009-02-27 -Signs, Portents, and the Weather-

Chinese buying L.A. one house at a time.

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Posted by GolfBravoUSMC 2009-02-27 03:12|| || Front Page|| [11130 views ] Top

#1 They're ignorant buyers with too much money and too little common sense. They'll get some good properties, but they'll also get fleeced. Look for more "we Chinese feel humiliated by you slick Americans" talk as soon as the stories start to hit print.

Posted by gromky 2009-02-27 03:38|| 2009-02-27 03:38|| Front Page Top

#2 California is fine, but don't forget Oregon, Washington, and Vancouver! Oh, you already have Vancouver, sorry.

Posted by Besoeker 2009-02-27 08:00|| 2009-02-27 08:00|| Front Page Top

#3 Well, can we assume they're Chinese that believe in the fruits of capitalism? If so, sell as many home as you can to counter the migrants that come here only for the socialist redistribution. I think the Chinese have the numbers to make it happen.

Posted by Procopius2k 2009-02-27 08:10|| 2009-02-27 08:10|| Front Page Top

#4 The Asian invasion occurred a long time ago, this is just the continuation of a major trend because house prices are lower. My kids' schools here in Orange County are filled with every Asian race (huge Vietnamese, Chinese, Korean populations) because they all say they can get the best, cheapest education here.

Luckily the Asians seem, for the most part, to be a very nice people. Wish they'd leave some room in the honors classes for other people though. (We also have a huge Islamic population, although significantly less prominent since 9/11).

Caucasians in California are becoming a distinct minority. The barn door was opened a long time ago and has never been shut.

Posted by One Eyed Slins3386 2009-02-27 11:36|| 2009-02-27 11:36|| Front Page Top

#5 Just a matter of time before they move in next door to me. How do you say "May I borrow a cup of sugar?" in Chinese?

Posted by Ebbang Uluque6305 2009-02-27 11:53|| 2009-02-27 11:53|| Front Page Top

#6 A friend, bought a property about ten years ago for his daughter who was studying at Melbourne Uni(my job was to keep an eye on her) She sublet bedrooms to other Chinese students, so she never needed any pocket money from him. His two sons then used the property under the same scenario.
He sold two years ago at the height of the property boom.
So basically educated his three children for free, got them permanent residence status and made a nice profit, all from the one gambit.

Posted by tipper 2009-02-27 15:31|| 2009-02-27 15:31|| Front Page Top

Posted by George Jimble4265 2009-02-27 18:21|| 2009-02-27 18:21|| Front Page Top

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