11-29-2014 the tremendous buildup of wealth in developing countries, esp. China, which had 2.4 millionaires in 2013, up 60% from the year before.
Maybe 20% of the deals in San Francisco and the Peninsula are cash overseas buyers” said Allen Ching of Asian Real Estate Assn. of America. https://www.sfgate.com/business/networth/article/How-and-why-buyers-from-China-are-snatching-up-5924991.php
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9-1-2020 Chinese buyers have led foreign investments in U.S. homes for the past seven years. In 2019-2020, they bought U.S. home properties worth $11.5 billion, or little more than a sixth of the total, according to a report from the National Association of Realtors https://knowledge.wharton.upenn.edu/article/foreign-purchases-u-s-homes-impact-prices-supply/
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