Posted on 02/13/2013 11:36:41 PM PST by Vinylly
We have a Chinese side to our family and have a brother- in-law and his wife who just came over from Peking for the Chinese New Year to visit relatives here, and also for business purposes. Seems his business in Peking is a venture capitalist. Apparently there are lots of wealthy business people in China that are buying up U.S. real estate. He is here representing a group of them and his job is to locate depressed real estate that he thinks has the best potential to take the most advantage of a new real estate boom if and when it does occure. Right now he and many other chinese are looking at Nevada. In fact they are buying up Nevada as fast as they can. So, I'm highly suspicious that if there is real estate improvement in Nevada, as well as other depressed states, it's not because our ecomomy is improving but because of foreign investers, including China, who are buying it up. This means that not only will China's wealthy citizens own a lot of our real estate but it's government is buying up Comrade o'Bummer's dept, will also own our country. A little scary, come to think of it, which means we could no longer own our own country, we will be owned by a communist country, lock stock and barrel. Since they own our government and country, seem they could make demands on how our government rules it's people, like do it our way or else we'll call in out dept, if not worse, like we could force you to do it our way. Since Comrade o'Bummer wants to weaken our military while China strengthens theirs, military force could happen. (Just my casual thoughts)
Yes, but the Dalai Lama thinks highly of communism and they, the Chinese, literally live next door.
As for America, the Chinese know we have guns, they think we’re dirty and uncivilized, and worst of all - we live on the other side of an ocean!
OMG! I love Carmel-by-the-Sea. My favorite restaurant is Jack London’s Call of the Wild. They have the best hamburgers in the world!
I think it may have more to do with chinese investors getting out from under their communist government, and moving their cash offshore. Sound familiar?
Since Mao’s extreme communist regime, China now has 150 Billionaires and One Million MILLIONAIRES! China is practicing capitalism now. And Chinese real-estate is in a bubble. I know one party who bought a condo which tripled in 4 years! My own house was bought by a Chinese and he paid cash.
China already owns lot of our national debt, so they already own us. SO long as the seniors want their social & Medicare, China will own more of USA every year. Why not? They have worked hard for it.
“In fact they are buying up Nevada as fast as they can.”
After casinos, the main industry of Nevada is mining. And something like 85% of Nevada is federal land. China could do worse than invest some of Obama’s printed dollars in “the silver state”.
Wow.
It’s not shocking, it’s not new and it’s not a problem.
Have a good day!
Huh?
Not trying to be a smart ass but I know Jack London’s in Oakland and they are great!
Is there one in Carmel? I’m there once a month or so and don’t recall seeing it.
Dangit...Now I’m hungry.
Hamburger and some clam chowder sounds good right about now.
In fact, I think I’ll drive to Half Moon Bay tomorrow.
Thanks! Sounds like a great place. Next time in the area I will check it out.
Thanks I’ll do that.
I remember that very well.
I do Real Estate in Las Vegas. Pretty much live in the heart of China Town here. It may still be a market worth looking at.
Some of my regular favorites in the area are also...
Epsilon
Cafe Stravaganza
The Fish Wife
Dominico’s
(And others too numerous to list...)
Jack London’s is great.
Their prices have really climbed in the past few years, though...
The place is always packed, I like to sneak in for an early lunch once in a while.
It was a great place to visit when I was a teen and there weren’t so many tourists... we used to sit there and drink beer worry free... had the whole place to ourselves...
Goody! All we need is another housing crash to get rid of the commies. Great plan.
(1) Vegas is a natural draw for private investment from China because the Chinese love to gamble, with their gambling venue of Macao having a turnover that is much larger than Vegas;
(2) Chinese individuals buying up real estate in distressed tourism venues with private funds is of little concern in comparison to the Chinese government and business buying up key American enterprises and assets having national security implications;
(3) A substantial slice of private Chinese overseas investment is flight capital that reflects a lack of sound vehicles for savings in the domestic Chinese economy and concerns over and hedging as to China's future;
(4) The rapid growth of China's economy is beginning to wane due to: demographic factors; rising wages; competition from lower cost Asian nations; the "middle income trap" described by economists in which rising economies suffer a fall off in growth because they exhaust the gains that can be taken by applying cheap labor to manufacturing processes pioneered in the West; and structural issues like weak rule of law, corruption, severe pollution, excessive infrastructure investment, poor construction quality, dodgy accounting, and an overhang of bad lending in the domestic economy;
(5) In the 1980's, Japan's rise and a flood of Japanese investment in the US triggered concerns similar to those now expressed in regard to China, but Japan's economy has since stagnated, with China likely to go the same way, and;
(6) Two cousins of mine with much experience in Asia describe the current situation as being: the Chinese are fascinated with and admire America, with American goods seen as superior and more desirable than those produced in China; China's growth has peaked, but that of Viet Nam, a competitor, is on the rise; and Japan is a great place to live, while China remains a work in progress, with a quality of life and public manners that suffer badly in comparison -- observations confirmed in recent Wall Street Journal articles.
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