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Seattle is also the closest (great circle) major city to China in the lower 48 states.
Flipside of our $5.4T negative NIIP.
http://www.bea.gov/newsreleases/international/intinv/intinvnewsrelease.htm
A lot of our cash is now out in the world, looking for a home.
Gotta buy something. Just hope it doesn't outbid you on something you want.
Japanese, Oil Sheikhs, Red Chinese -- oh my!
"I'm so glad my mother made me study Chinese," laughed property broker Janie Lee, after showing a client from Beijing a $4 million home in the suburb of Medina. "I've been using it a lot.
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As Wei considered the Medina mansion, Lee asked the seller whether all five bedrooms had their own bathrooms. "Most of the buyers, the Asian buyers, like private suites for their parents or extended family," she said.
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Washington state received a hefty share of attention, ranking second only to California in sales to Chinese buyers.
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From http://finance.yahoo.com/news/chinas-wealth-finds-home-washington-070808165.html