Chinese Buyers Flooding US Housing Market, Using Cash

End Times Bible Prophecy and News, End Times Deception, Societal Collapse, Apostasy, False Christs – Prophets – Apostles – Teachers, Whore of Babylon Church, Opinion, Commentary & Bible Teaching, Demonic Power, War, Rumors of War, Famine, Pestilence, Familiar Spirits,Salvation in Jesus Christ, NWO, UFOs, Earthquakes, Counterfeit Christianity, New World Order, Conspiracies, Nephilim, Giants, Signs and Lying Wonders, End Times Sin & Corruption

July 9, 2013 • 10:20

Chinese Buyers Flooding US Housing Market, Using Cash

CHINESE BUYERS WITH CASH MONEY

The Chinese have acquired a taste for American real estate–and are satisfying it with cash money. According to the National Association of Realtors, Chinese buyers–and there’s no distinction whether this means “buyers from China” or “buyers of Chinese descent”–accounted for 18% of the $68.2 billion that foreigners spent on homes during the 12 months ended March.

Chinese Buyers Flood U.S. Housing Market

At a median price of $425,000, the Chinese are also buying more expensive homes than other foreign buyers, who spent a median of nearly $276,000 on U.S. homes. And nearly 70% of those pricey Chinese deals were made in all cash.

The article further states that nearly half of all homes sold in California are to Chinese buyers.

A few questions are in order.

Is this article to be believed? If so, where are these Chinese buyers coming from? China?

And why are so many plunking down cash on “pricey homes?”

More importantly, what does this mean–if anything?

Many thoughts–at this point it is merely speculation.

Stay tuned.

Chinese buyers flood U.S. housing market (wdsu.com)
Do You Know if You are Going to Heaven? Be Sure!
Chinese buyers flood U.S. housing market (wqad.com)
China Proxy Helps Foreign Buyers Get Domestic Prices (prweb.com)
2 Things Are Keeping Foreign Buyers From Playing A Big Role In The US Housing Recovery (businessinsider.com)
China’s wealthy paying cash for Eastside luxury homes (seattletimes.com)
All-cash buyers cut swath through Napa housing market (napavalleyregister.com)
Eternal Salvation Through Jesus Christ: Salvation Messages from End Times Prophecy Report

by Mondo Frazier
© Jeremiah J. Jameson and End Times Prophecy Report, 2012-13. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Jeremiah J. Jameson and End Times Prophecy Report with appropriate and specific direction to the original content.