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Are the Chinese causing higher-end California home prices to remain high?


               
2010 Mar 5, 1:38am   14,807 views  66 comments

by NJ   follow (0)  

Are the Chinese causing higher-end California home prices to remain high?http://www.latimes.com/news/nationworld/nation/la-fi-china-invest4-2010mar04,0,2280130,full.story

"Private Chinese investors have begun to get into the action but, according to analysts, have generally been involved in small transactions, buying houses for their families and investing in factories and other facilities to be closer to the North American market."

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65   B.A.C.A.H.   2010 Mar 18, 11:23am  

from page B3 of today's San Jose Mercury News:

"Parents raising funds to save teacher jobs"

"A group of parents hoping to prevent more than 100 teachers in the Cupertino Union School DIstrict Union School from losing their jobs kicked off a massive fundraising campaign Tuesday at Nimitz Elementary School in Sunnyvale that attracted a packed and raucous house, including dozens of students with piggy banks ready to contribute to the cause".

"Parents organizing the 'Their Future is Now' campaign hope to raise $3 million by May 15 to save as many as 107 K-08 teachers from receiving pink slips."

66   toothfairy   2010 Mar 18, 11:30am  

California will be even cheaper once the Chinese currency appreciates.

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