Date: 04-06-12 21:45
I found this press release titled "The 2nd Chinese Investment in the US Real Estate Forum Set in Los Angeles June 21, 2012" at the San Francisco Chronicle newspaper's web site and found it quite interesting:
Here are some snippets:
Artisan Business Group is to host the 2nd Chinese Investment in the US Real Estate Forum in Los Angeles June 21, 2012. A wide range of industry experts will convene in Los Angeles on June 21, 2012 to explore Chinese investment and business opportunities in the US real estate sector.
The 2nd Chinese Investment in the US Real Estate Forum is to be drawing U.S. real estate developers, property owners, financial advisors, attorneys, investment bankers, and industry executives, and venture capitalists, among others, to be educated on the latest happenings in China-US real estate investment. The June 21, 2012 event, which will take place in Los Angeles, will be centered on real estate investments pouring in from China. Rapid growth in the Chinese economy has created a strong demand for the US real estate market.
The preference the wealthy Chinese show in real estate, along with the current drop in housing prices and a steady RMB, have made real estate investment in the U.S. more appealing than ever before.
In the U.S., the Chinese are now the second-largest foreign buyers of homes, behind Canadians, accounting for $7.4 billion of sales in the 12 months ended March 2011, up 24% from the previous 12 months, according to the National Association of Realtors. Buyers from China and Hong Kong also spent $1.71 billion on commercial property in the U.S. in 2011, more than quadruple their investment in 2008, says Real Capital Analytics. Chinese investors are interested in commercial projects, residential properties, hotels, golf courses, clubs, land, industrial warehouses, office buildings, and shopping centers. The Forum aims to help U.S. companies and individuals tap into more of this Chinese capital.
I didn't know the Chinese were second only to the Canadians as foreign buyers of American homes. ;-)
I always thought the Brits. would be on top. ;-0
Hopefully the Chinese will surpass the Canucks soon. ;-0
So what will it take for Kobo to get you into one of these choice properties? ;-0
I know. No commission fees. ;-0
Seriously, US properties are going for bargain basement prices. ;-)
So swoop in while the swooping is good. ;-)
And while Los Angeles might be second to New York as the largest city in America, prices are much cheaper.
And we never have snow. Okay, a few years back we had a freak hail storm that lasted about an hour. Really freaky. Global warming screwing up the weather patterns world wide. ;-)
And the girls are equally friendly, if not more friendly, than Brit. girls.
Just check out USC. ;-)
There's even talk about Los Angeles going "New York".
http://www.nytimes.com/roomfordebate/2012/04/05/should-los-angeles-new-yorkify An April 5, 2012 New York Times newspaper Room for Debate series on whether Los Angeles should "New Yorkify".
That is, build tall skyscrapers, and emphasize public transportation over the automobile.
Though earthquake techonology has advanced quite a bit, Kobo wonders if the skyscraper thing is a good idea. ;-)
I know, I know. Move to Australia. ;-)