More to Come from China

This blog just reported yesterday on the banner year it’s been for foreign investors in U.S. real estate, and for China in particular. Coincidentally, Sam Van Horebeek, a director at a U.S. real estate advisory firm based in China wrote about the effect of the Chinese stock market meltdown on interest in the U.S. real estate sector. Fully 50% of those they interviewed are considering acquiring overseas real estate — and it’s not just the mega-rich, it’s the “mass-affluent”, a group almost as large as the entire population of the U.S.