Home › Forums › Housing › Who are all these cash buyers in Carmel Valley?? › Chinese RMB to US
[img_assist|nid=17338|title=Chinese RMB to US dollar|desc=|link=node|align=left|width=466|height=304]
since 2005 the Chinese RMB has appreciated against the US dollar by 25%. which means a house in CV is now at a 25% discount compared to 2005.
A $1 million dollar home in CV is now just $750k for them.
