[quote=blueeyedlion]I’m a REALTOR and I can attest to the Chinese buying all-cash! I’ve worked with a client, fresh from getting his Master’s in Mechanical Engineering from Michigan and whose Dad bought him a home, and then a couple of other investment properties.
Also have a former colleague (I was once in Computer Engineering) who is Chinese and helped a friend from mainland China buy a million dollar home in Carlsbad sight unseen. The money is definitely flowing in from China, and is driving up prices.[/quote]
Thanks blueeyedlion. Is there any specific developments or areas you see this happening more than another?
For example, your client that bought whose dad bought him a property… what type of property was it? SFH? In which area/development? Thanks for sharing.
