Chinese House Hunters Buying Foreclosed Homes »
Posted By altnrg 11 months ago in News
Tours are being organized for people in China interested in buying foreclosed properties in the U.S. to take advantage of bargain prices.
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stalemateComment removed: Retracted by user13 Replies
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earthlingerer11 months ago
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Maybe it's really like a flagging nation seeing the numbers going down and down, and somebody who NEEDS higher numbers on the charts has been encouraging this to help keep the US GDP higher.
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Of course, we could try to discourage this kind of activity, as well as all foreign investment in the US, and watch the GDP totally tank.
But every time you take out another mortgage, another car loan, or use your credit cards to put off until later what you could never afford today, it's like giving away more of the US to those people lending you the money.
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reallypsst11 months ago
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It is a sad fact of what money can by buy besides a corrupt politician soon the term native american will be extinct and america will have been consumed like a worm infested apple.maybe people will start trying to leave the country as fast as immigrants come in!
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boots72_Comment removed: Hard Banned
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mackiemesserComment removed: Retracted by user
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susanp122411 months ago
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this should not be allowed at all . americans should have first preferance to these homes. america is being bought by chinese and asian people. they own most of the block i live on on phila. they own slum lord apts here and our neighborhood has gone into a slum area atatus because of this.
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rwrnae11 months ago
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The US will ultimately be owned by Chinese, Indians, Russians and the Saudis and their associates. When that happens you can also say goodbye to all of the liberal politics. Congratulations libs, you finally did it, shot yourselves in the foot.
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wtagg11 months ago
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I find it pretty funny that you think the entire economic problem is a liberal issue, though the republicans, for the majority of the time in which it manifested itself, were in power. Do the liberals have some culpability here? Of course. So do the admin and the party in power from in congress from 1995 - 2006.
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jetisonComment removed: Hard Banned
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rockstarrecrutr11 months ago
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Wow, this is awesome. I'm so glad that some responsible and hardworking people are still willing to invest in the American dream. I think we should take pause, and try and learn from our hardworking Chineese comrades, who truly value education, hard work and family. All this whining is from a bunch of lazy, overweight Americans and amounts to nothing more than a bunch of sour grapes. We're reaping what we have sewn!
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rockstarrecrutr11 months ago
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You know, there was a time when the Italian, Irish and German immigrants were seen as a threat. It's funny how history repeats itself. Reading some of your comments, you'd think it was the end of the world to have people of color "owning" the U.S. Get used to it, and quit being so ignorant and racist. I hope, when things are really bad, you people have to take jobs as servants to an asian or arab family!
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BlueAutumn_1989Comment removed: Retracted by user9 Replies
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PsychoHosebeastComment removed: Spammer, Abusive1 Reply
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agabdiv11 months ago
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It's all about money & business Only !! Relax, not a war!
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May of you may not know many States has the rights to take and buy "ANY" land at market value(which is always below real deserved price anyway) if they need to. Just because some individuals from any country own 1 or few tiny lots in boondocks is not going to take over US (as a country), not even Donald Triump for numerous properties he owns in various cities. In real estate, it's only money talks. So is US's economy ! -
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Rick78x11 months ago
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China holds over a $$$trillion dollars in US bonds and derivatives. They manufacture a large chunk of our consumer products (including lead-based toys and melamine tainted baby formula - thanks to what used to be the US government, now a defunct criminal cartel of bankers and corporate pirates), now the Chinese are buying more real estate that the fading American middle class can no longer afford? Welcome to the New World Order, folks. Better learn to speak Chinese and exchange your worthless Benjamins for Yen.
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crghss11 months ago
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The Yen is Japanese currency. And I remember when every one was crying about the Japanese owning America. How did that turn out? And I remember when everyone was crying about the Arabs owning America. And how did that turn out? And now we have the Chinese? Did anyone take a look at China lately? Not so good. We'll see how this one turns out.
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The derivatives are worthless. So the more they own the better for the USA.
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PsychoHosebeastComment removed: Spammer, Abusive2 Replies
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Shankari25Comment removed: Retracted by user1 Reply
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xddy4u211 months ago
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I don't believe you bloggers. You sit on your (A)ss and complain about minorities causing the foreclosures, while China is looking at this as a business opportunity. You bloggers don't want the Government to bail the foreclosures out, and you don't want the Chinese to buy the foreclosed homes. You all are some prejudice (S)ON OF (B)ITCHES.
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greenmac11 months ago
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This has been going on for years.... Canadians and other nationalities buying in the USA... Americans and others buying in Canada.
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The problem that arises is... when there is a buyer that has deep pockets and is willing to spend, it drives the price of real estate up beyond what a local person is able to afford. I see this all the time on water front properties... most of the buyers are American or German. Now I do have regrets.... what I could have bought 10 to 15 years ago has gone up 10 to 15 times in price. That being said ..... yes I would have sold to a non resident. -
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moxxxxxxxxxx11 months ago
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Unbelievable! First our jobs now our housing. There is more that goes along with homeownership than just owning the home. People who buy homes and live in those homes also spend their money in the community, support instituions in the community- schools, churches etc. Do you really think foreigners who own American property are concerned about the quality of life in America? They certainly are not going to put any money back into communities they are just here to rape the profits from American realestate.
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moxxxxxxxxxx11 months ago
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Taxes do not fully suport communities. Activities of day to day living support communities. Involvement in civic programs, schools, churches and support of business are what make communities strong. All you have to do is look around American communities and those with housing stock owned by rental investors become transient communities where people come and go with no commitment to their neighborhoods. Slumlords do not take care of the properties and the people who live there are not committed to their neighborhoods.
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rattar5811 months ago
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I think it is time that America should be for Americans--whether it is jobs, real estate, and proper REPRESENTATION of us by elected officials. Free trade is not free, if the game is not played by common rules and reciprocity. If we cannot buy real estate over there, they should not be allowed to buy it here.
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rattar5811 months ago
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moxxxxxxxxxx11 months ago
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You are correct. The majority of the money made here by foreigners and even current immigrants is sent back to their homelands. The largest group of philanthropic givers in America are wealthy white men, followed by women who will give if they are emotionally charged by an issue, minorites will give to programs and servics in their own communities but those from foreign lands do not support community programs they send their money back to their home countries.
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The current immigrants are not like the ones years ago who came here to build America and give back to America for the opportunities.
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ritagigi11 months ago
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I believe that is was a Russian leader who said "We will sell you the rope to hang you"....Guess that we just never learn that short term thinking, leads to long term grief! The Chinese are patient and are lurking in the shadows at all times, waiting for us to show weakness. Are we that big of a fool?
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