Update on lack of Chinese Residential Real Estate Buyers

A few weeks ago I wrote Some Random Concerns and Observations ... . One of my concerns was that stricter capital controls in China would negatively impact certain U.S. real estate markets. After that post, I spoke to an excellent source in San Marino (high end area of Los Angeles), and he told me that some Chinese owners were looking to sell (impacting prices). Here is an article today from David Pierson at the LA Times: Mega-mansions in this L.A. suburb used to sell to Chinese buyers in days. Now they're sitting empty for months The turnaround in activity, industry officials say, is directly ......(read more)

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