Msg. 00101 of 65535 (This msg. is a reply to
00095 by
oldCADuser)
Jump:
OCU,
The reason I posted this, was to give you & others that live in CA a heads up.
I took it as the Chinese investing in property because they see it as a good investment.
This might be to your benefit, since you are planning to retire elsewhere. You might consider selling earlier, even if it means renting until you fully retire.
If that $22 billion was money being repatriated back into the US economy from overseas, then great (I wonder if these sorts of transactions are included when working-up the 'trade balance' statistics?).
Besides, if you check it out, I think you will find that the British are still the largest foreign investors in American commercial property, like shopping malls and other commercial/retail developments, etc. but I don't see anyone writing editorials about how this is a bad thing for the country or how this might unduly increase the influence of 'Anglophiles' in our culture or society.
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