Thursday, February 12, 2009

Solution for the IE housing slump - send realtors to Beijing

I don't know if Housing Kaboom has uncovered this yet, but MSNBC has:

Beijing lawyer Ying Guohua is heading to the United States on a shopping trip, looking not for designer clothes or jewelry, but for a $1 million home in New York City or Los Angeles.

He expects to get a bargain. Ying is part of a growing number of Chinese who are joining tours organized especially for investors who want to take advantage of slumping U.S. real estate prices amid a financial crisis.

But how do you get the potential buyers away from El-Lay and out to the IE? I'll grant that Diamond Bar may be attractive, but how do you lure a Chinese businessman to Fontana?

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