Keepin' It Real Estate: Chinese Investors Smell Blood in California
Speculators have been flocking to California for centuries. Gold computers absurd start-ups real estate - if it’s an asset it’s probably boomed and busted in the Golden State. The bursting of the latest bubble -- real estate -- is still in progress as foreclosures push up inventory and drag down prices. Nevertheless for every speculator that got burned on the way down reinforcements are flooding the state with new money hoping they’ll be lucky enough to pick the bottom. In a trend that's just beginning to emerge from the smoldering ashes of California's housing market the next wave of buyers could ...
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