Reply to The chinese are coming and they want to buy your house!!

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[quote=Anonymous][quote=Anonymous]It is outrageous that the US allows this dirty money here. A large number of Chinese buyers have amassed their wealth by greasing officials in the communist party, especially since only 50,000 per year per household can leave country.  They steal our technology, they make large donations to the most elite universities in the US , taking spots from middle class kids who would otherwise have these seats.   Now they want our most desirable real estate, east coast and west coast cities.

No hardworking , well educated American can face off against the Communist Party and the corresponding corrupt business practices that leave the vast majority of Chinese nationals still living in poverty with little upward mobility.

It only takes a fraction of the wealthy Chinese to dislocate Americans in their own housing market in cities like San Fran , LA, NYC, where housing demand from local Americans is out of sync with supply without a large foreign bid. Add the Chinese bid to park cash , since they don't trust it at home, to these cities and basically say goodbye to Americans owning homes in these towns.

The Chinese could also park their cash in Detriot, where Americans and the US would get some mutual benefit out of this trade, but obviously Detroit is not good enough for their tastes.

Shame on our politicians and the NAR, where real estate brokers should need to confirm the legitimacy of cash transactions from foreigner buyers.[/quote]

So we are ok in dc?[/quote]

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