As a follow up to our earlier post on Chinese bargain hunters planning a trip to the U.S., NPR ran a story earlier this week on the first of 40 or so Chinese shoppers who have come to the US on the shopping trip for bargain-priced real estate.
The group is visiting New York, Boston, Las Vegas, San Francisco, and Los Angeles this week. The trip was organized by Chinese real estate portal sofun.com. The story notes that they had 400 or so folks interested in this trip and have apparently been contacted by groups in Australia, Singapore, and Spain who are also interested in coordinating similar trips.
One of the shoppers interviewed was a Chinese lawyer looking for the cash purchase of a home in New York or California in the $500k range or more if "the quality is higher."
