Friday, December 05, 2008

FT.com / China / Economy & Trade - Chinese property hunters to raid US

FT.com / China / Economy & Trade - Chinese property hunters to raid US: "SouFun, the biggest real estate website in China, is organising a trip next month to look at properties in California and possibly Nevada. Liu Jian, the company’s chief operating officer, said about 300 people had expressed interest in the idea in the three days since it was advertised, though the company would take only a small group on the first trip...“The US market absolutely terrifies me,” said one Shanghai-based real estate executive. “However, there are plenty of people here who think this a great time for bottom-fishing.”"
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Bottom-fishing? I guess our condos and hoa units are just so many carp.

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