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Chinese builder Landsea to invest
$1 billion in U.S. housing market

Los Angeles Times, by Tim Logan

Original Article

Posted By:JoniTx, 9/4/2014 11:21:43 PM

A Chinese home builder is poised to invest $1 billion into the U.S. housing market, starting with two developments in California and one in New York. The venture, by Nanjing company Landsea Group, could signal the beginning of a wave of Chinese investments in single-family homes in the U.S., part of a larger influx of Chinese money. Landsea — which builds about 12,000 houses a year in mainland China and also develops in Hong Kong and Germany — comes to the U.S. amid signs that the red-hot market at home is cooling off. Building costs in China have soared in

      


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Reply 1 - Posted by: ColonialAmerican1623, 9/4/2014 11:53:17 PM     (No. 9994234)

The Chinese are also taking advantage of foreclosures.

Anybody know who much commercial and residential land the Chinese own ?

They bought Smithfield and it´s other brand names last year.

Selling America one lot at a time.

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Reply 2 - Posted by: enuf8, 9/5/2014 12:15:38 AM     (No. 9994242)

Dic the toxic sheetrock in Florida homes after their huge hurricane several years back come from China?

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Reply 3 - Posted by: coldoc, 9/5/2014 12:37:44 AM     (No. 9994252)

#2 beat me to it. Have the epa do a hazmat inspection.

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Reply 4 - Posted by: chumley, 9/5/2014 1:56:31 AM     (No. 9994284)

In the 1980´s we were really worried about the Japanese buying up the whole country. As far as I know there were no negative effects from their purchases. I say let them spend their money. Heck, its ours anyway.

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Reply 5 - Posted by: annie xango, 9/5/2014 2:19:19 AM     (No. 9994288)

yep #2 was just too fast for me..Lol.....

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Reply 6 - Posted by: Safari Man, 9/5/2014 2:34:27 AM     (No. 9994292)

They may be disappointed when they find out that all the illegal aliens can´t afford to buy homes. Of course, the Federal government will buy the homes for the illegals, you can be sure, so I guess Landsea will make out like bandits. You and I will be holding the bag.


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Reply 7 - Posted by: provide, 9/5/2014 6:20:59 AM     (No. 9994363)

How come he ain´t buying in Detroit? Michael Moore?

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Reply 8 - Posted by: StormCnter, 9/5/2014 6:45:31 AM     (No. 9994394)

#4 has it right. The Japanese couldn´t take all those buildings and golf courses home with them and neither can the Chinese.

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Reply 9 - Posted by: nonsense, 9/5/2014 7:14:06 AM     (No. 9994416)

Have they overlooked the richest counties in the USA? Those that surround Boomtown D.C.

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Reply 10 - Posted by: lizzee1, 9/5/2014 9:41:50 AM     (No. 9994606)

They can´t take the land and houses home no, but they can bring their people here to populate them, which I believe they are planning to do.

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