Our New Chinese Overlords, Now Arriving At Gate 15C

Geoff Dyer of the Financial Times reports that wealthy Chinese bargain hunters will be visiting California to pick up the pieces of our shattered real estate market. "SouFun, the biggest real estate website in China, is organising a trip next month to look at properties in California and possibly Nevada. Liu Jian, the company’s chief operating officer, said about 300 people had expressed interest in the idea in the three days since it was advertised, though the company would take only a small group on the first trip... The trip would focus on California, particularly San Francisco and Los Angeles, where big Chinese populations might make his clients more comfortable, but might also include Nevada." [Financial Times]