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The Chinese Are Buying Large Chunks Of Land Across America (And Zillow Is Now Enabling It)

Tyler Durden's picture




 

Has the United States ever experienced a time when a foreign nation has attempted to buy up so much of our land all at once? As Michael Snyder details below, it appears the Chinese are on a real estate buying spree all over America as they are now the dominat 'buyers' of investment green cards. This is occurring as private equity buyers and hedge funds exit the buy-to-rent business en masse and are, as Mike Krieger explains, are desperate to pitch American property to anyone willing to keep Housing Bubble 2.0 inflated... it seems Zillow is more than happy to enable that, "Zillow agreed to make its U.S. property listings available to Chinese consumers through a partnership with a Beijing-based website."

 

As The American Dream's Michael Snyder explains, the Chinese are on a real estate buying spree all over America.  In fact, in some cases large chunks of land are actually being given to them.  Yes, you read that correctly.  China is on the way to becoming the dominant land owner in the entire country, and that is starting to alarm a lot of people.  Do we really want a foreign superpower to physically own so much of our territory?

There are some that are playing down this threat by making a distinction between the Chinese government and Chinese corporations, but things work differently over in China than they do here.  In China, the government is involved in everything.  In fact, 43 percent of all corporate profits in China are produced by companies that the Chinese government controls.  And all of the rest of the companies are very careful to follow the lead and direction of the Chinese government.

That is why what is going on in places such as Thomasville, Alabama is so alarming.  Small communities such as Thomasville are so starved for jobs that they are willing to give land away for free to Chinese companies in order to entice them to build factories…

Gov. Robert Bentley said Friday that he will announce an economic development project in Thomasville, Ala., Monday morning.

 

That project is likely a copper tube plant to be built by Golden Dragon Precise Copper Tube Group. A legal notice published Thursday indicates that the city of Thomasville and others intend to give land and other incentives to GD Copper USA, which state corporation records identify as a Florida-based subsidiary of Golden Dragon.

And in this particular case, we are not just talking about a small plot of land.  We are talking about a 40 acre chunk of land worth 1.5 million dollars…

The legal notice indicated the city plans to give Golden Dragon a 40-acre site. Thomasville Mayor Sheldon Day has said that land is in a city industrial park south of Thomasville High School. It includes a $1.5 million, 50,000-square-foot building that the city constructed in 2009 to attract businesses.

But in most cases, the Chinese actually have to spend money to acquire our real estate.  And they are starting to make some really high profile acquisitions in some of our most expensive cities…

China Vanke and Tishman Speyer signed a deal for a $620 million luxury condo project in San Francisco this winter. In April, another deal for a cool $1.5 billion was inked in Oakland between Zarsion and Signature Development Group.

 

In June, several big deals in New York City went down. Zhang Xin, CEO of Soho China , joined forces with the wealthy Safra family (of Banco Safra fame) of Brazil to buy a stake in the General Motors Building in Midtown, The New York Times reported on June 25. Dalian Wanda Group, another Chinese developer, is planning to build a greenfield luxury hotel in Manhattan.

In other cases, the Chinese are gaining control over vast tracts of U.S. territory by buying up our large corporations.

For example, when the Chinese purchased Smithfield Foods, they suddenly owned 460 large farms and became the top employer in dozens of communities all over the United States…

Smithfield Foods is the largest pork producer and processor in the world.  It has facilities in 26 U.S. states and it employs tens of thousands of Americans.  It directly owns 460 farms and has contracts with approximately 2,100 others.  But now a Chinese company has bought it for $4.7 billion, and that means that the Chinese will now be the most important employer in dozens of rural communities all over America.

And the Chinese seem to have a particular interest in economically-depressed areas of the country.  Perhaps they feel that now is the time to gobble up companies and properties in such areas for bargain-basement prices.  For instance, the following is from a CNBC article that detailed how the Chinese are aggressively “putting down roots in Detroit”…

Dozens of companies from China are putting down roots in Detroit, part of the country’s steady push into the American auto industry.

 

Chinese-owned companies are investing in American businesses and new vehicle technology, selling everything from seat belts to shock absorbers in retail stores, and hiring experienced engineers and designers in an effort to soak up the talent and expertise of domestic automakers and their suppliers.

Speaking of Michigan, one company known as “Sino-Michigan Properties LLC” actually had plans to buy up 200 acres of land near the town of Milan, Michigan.  The goal was to build an entire “China City” with artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens.

But that is nothing compared to the “China City” that was being planned for New York state.  The following is a short excerpt from one of my previous articles

The Chinese have made trillions of dollars flooding our shores with super cheap products, and now they are using some of that money to buy land and property all over America.  For example, there is now a proposal to construct a multibillion dollar “China City” that would span approximately 600 acres in a remote area of New York state.  This “China City” (that is actually what it would be called) would be located on Yankee Lake in Sullivan County, New York.  The plans anticipate large numbers of Chinese businesses, plenty of homes for Chinese immigrants, a Chinese high school, a college, a casino and even a theme park.  And the first 600 acres is only for “phase one” of the plan.  Ultimately, the goal is for “China City” to cover more than 2,000 acres.  Those promoting this plan say that it will be a great way for New Yorkers to learn to appreciate Chinese culture.

But of much greater concern is the huge wave of real estate purchases that are quietly happening all around us every single day.

The following is from a recent CNBC article entitled “Chinese buying up California housing“…

At a brand new housing development in Irvine, Calif., some of America’s largest home builders are back at work after a crippling housing crash. Lennar, Pulte, K Hovnanian, Ryland to name a few. It’s a rebirth for U.S. construction, but the customers are largely Chinese.

 

“They see the market here still has room for appreciation,” said Irvine-area real estate agent Kinney Yong, of RE/MAX Premier Realty. “What’s driving them over here is that they have this cash, and they want to park it somewhere or invest somewhere.”

So what happens when we get to the point when the Chinese government and/or Chinese citizens own 10 percent of all the real estate in the entire country?

Will it be a problem then?

What about if we get to 20 percent or 30 percent?

At what point will we be forced to admit that we have a major problem on our hands?

Many of our leaders seem resigned to the fact that the future will be dominated by communist China.

For example, the President of the St. Louis Federal Reserve recently stated that “attitudes in the U.S. are going to have to change” because America “will not permanently be the global leader”

That’s according to Federal Reserve Board of St. Louis President James Bullard, who spoke to the Wall Street Journal on the sidelines of a conference during a recent visit to Hong Kong.

 

Attitudes in the U.S. are going to have to change, because the U.S. will not permanently be the global leader,” Mr. Bullard said.

In fact, Bullard insists that it is inevitable that the U.S. will end up playing second fiddle to communist China…

In that case, “the U.S. would be playing a role to China similar to the role the U.K. plays to the U.S. today,” Mr. Bullard said. “People think it’s 50-75 years away but it’s probably only 25 or 20 years away, something like that.”

And this is one of the guys that is running the U.S. economy?

There is more than one way to dominate your enemy, and the Chinese understand this.

Sadly, most Americans have absolutely no idea what is happening.

 

The United States - A Colony Of China

 

And now, as Liberty Blitzkrieg's Mike Krieger adds, it appears Zillow is more than happy to hold the floodgates of Chinese buyers open in roder to keep the housing bubble 2.0 inflated...

...just last year I covered how corrupt Chinese are laundering their money through U.S. real estate in my post: Corrupt Chinese Politicians are Buying Billions in U.S. Real Estate.

This is a very important trend that we must keep our eyes on in the years ahead. Particularly since private equity buyers and hedge funds can no longer make a return on buy-to-rent, the real estate industry will become increasingly desperate to pitch American property to anyone willing to keep Housing Bubble 2.0 inflated.

From Bloomberg:

Zillow Inc. agreed to make its U.S. property listings available to Chinese consumers through a partnership with a Beijing-based website.

 

E-House Holdings Ltd.’s Leju real estate site will carry Zillow listings that include homes for sale by agent and owner, units in projects under construction and foreclosures and short-sale properties, Seattle-based Zillow said today in a statement.

 

Chinese buyers spent more than $11 billion on U.S. real estate last year, with an average $425,000 purchase, Zillow said. The Leju-Zillow site, to be operated by the U.S. company, will be ready around midyear, according to the statement.

 

“Brokers and agents with listings on Zillow are now able to reach Chinese home shoppers who are ready to invest in the U.S. market, with no additional cost or effort,” Errol Samuelson, Zillow’s chief industry development officer, said in the statement.

Have fun being a peasant under your Wall Street and Chinese feudal lords.

Full article here.

 

 

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Thu, 04/03/2014 - 14:00 | 4621843 0b1knob
0b1knob's picture

Remember when the Japanese were buying up all the land in Hawaii?   And every golf course in California?   Remember how that worked out?   Yeh me niether....

Thu, 04/03/2014 - 14:06 | 4621879 Groundhog Day
Groundhog Day's picture

After they send all their Yuan's and bid up manhattan...look for the bottom to fall out on their levered purchases.....even if it doesn't somehow i don't think the US will allow them to take possesion if SHTF

Thu, 04/03/2014 - 14:15 | 4621925 0b1knob
0b1knob's picture

The dumb (foreign) money always buys at the top.   The some thing is happening in London with Russian money.   The Russian will get hosed.

Thu, 04/03/2014 - 14:16 | 4621931 AnAnonymouses
AnAnonymouses's picture

Wealthy China citizenses soon to be wealthy America citizenses?

Thu, 04/03/2014 - 14:19 | 4621944 smlbizman
smlbizman's picture

for 500k and 10 landscapers....yes

Thu, 04/03/2014 - 14:37 | 4622037 WhyDoesItHurtWh...
WhyDoesItHurtWhen iPee's picture

Aw yu goad ah bewong to us ....... Beecheeze !

Thu, 04/03/2014 - 14:39 | 4622044 macholatte
macholatte's picture

 

 

China = Predator

Thu, 04/03/2014 - 14:46 | 4622078 Citxmech
Citxmech's picture

The thing about purchasing property in foreign lands is that demanding delivery is a bitch.

Thu, 04/03/2014 - 15:10 | 4622191 macholatte
macholatte's picture

 

 

Chinatown Skin Infection Outbreak Spreads in NYC, Number of Cases Doubles

http://www.nbcnewyork.com/news/local/Chinatown-Skin-Infection-Raw-Fish-Cases-Spread-253622021.html


Fri, 04/04/2014 - 08:07 | 4624270 N2OJoe
N2OJoe's picture

Well seeing as how illegal aliens get preferrential treatment over American Citizens, I for one, DO believe they will be allowed to take delivery of their land.

If anyone is denied their property, it will be Taxpayers.

 

That is, unless we have enough skilled Guillotine builders/operators to "service" every Lawyer, Bankster, and Politician in the country...

Fri, 04/04/2014 - 14:40 | 4625740 Tale2cities
Tale2cities's picture

Yea and it's so hard to blend in.

Thu, 04/03/2014 - 17:09 | 4622630 Mr. Magoo
Mr. Magoo's picture

Welcome to the new SLAVELANDIA

Thu, 04/03/2014 - 15:30 | 4622280 hobopants
hobopants's picture

This explains why my landlords name sounds exactly like the noise my doorbell makes.... well thats one mystery solved.

Thu, 04/03/2014 - 14:17 | 4621933 El Vaquero
El Vaquero's picture

"even if it doesn't somehow i don't think the US will allow them to take possesion if SHTF"

 

Exactly.  If SHTF, who the fuck is going to respect the property rights of foreigners?  Possession will be the law.

Thu, 04/03/2014 - 14:21 | 4621954 NotApplicable
NotApplicable's picture

Japan's CB is a tool of David Rockefeller (et al.), and was used to prop up the dollar.

The PBoC????

I've no idea, but I don't expect the same outcome. IMO, they're in a MAD scenario with the Fed.

Thu, 04/03/2014 - 17:18 | 4622007 NihilistZero
NihilistZero's picture

The math still applies.  They're overpaying and if the political SHTF theyll get done like the Japanease during WW2.

Thu, 04/03/2014 - 16:05 | 4622424 midtowng
midtowng's picture

China hasn't been communist for decades.

Thu, 04/03/2014 - 17:19 | 4622656 NihilistZero
NihilistZero's picture

They never were communist and neither was the USSR.  It's all varying levels of fascism.

Thu, 04/03/2014 - 23:19 | 4623805 Larry Dallas
Larry Dallas's picture

Yeah but the "Walkers" will sell anything for a buck...

Thu, 04/03/2014 - 14:01 | 4621850 BaBaBouy
BaBaBouy's picture

It Makes good Sense...
The RICHER Chinee Are Desperate To Get Out Of That Polluted Craphole...
Just Check The VANCOUVER RE Market.

Thu, 04/03/2014 - 14:01 | 4621854 Troll Magnet
Troll Magnet's picture

Hmm..So all those children of illegal immigrants getting free, albeit shitty public "schooling" can start thanking the chinks for dumbing them down now? Excellent!

Thu, 04/03/2014 - 14:05 | 4621868 0b1knob
0b1knob's picture

If American public education is so bad why do the Chinese spend hundreds of thousands of dollars to send their children here?

I live near Cerritos California and at least half the high school students are Chinese chilren living in rented housing who are in the country (at great cost) to get an American education.

Just asking....

Thu, 04/03/2014 - 14:13 | 4621916 Lin S
Lin S's picture

Because their view of the US is rooted in 1945, not 2014.  To the Chinese, an American education is superior and highly desirable.

It will take a long time for them to grasp what America's moral depravity has done to their children's ethics and values, or that they, themselves, eagerly signed their offspring up for such moral corruption.  If the light ever comes on, that is...

Thu, 04/03/2014 - 14:31 | 4622000 LFMayor
LFMayor's picture

Because their view is full of young, barely employed and wifeless men.  Full as in what, 650 million or so?  Young men who will, let us say... Act Out,  when the rubber dog shit factories shutter.

 

Thu, 04/03/2014 - 14:45 | 4622070 Troll Magnet
Troll Magnet's picture

Also, a dumb 7th grade Chinese kid can come here and be one of the smartest especially in math and science because the said dumb Chinese kid already learned all that shit when he was a 4th grader in China. 

American Public Education = Exceptional!

Thu, 04/03/2014 - 14:32 | 4622012 lemonobrien
lemonobrien's picture

Everyone wants to be white; excepts whites, which wanna be niggers.

Thu, 04/03/2014 - 16:12 | 4622463 The man with po...
The man with pointy horns's picture

Your kind of right there. Some black people try to whiten their skin, and in Iran loads of people get nose jobs so they can have a 'western' nose. As for whites, too many hipsters try to talk gangster, too many women dress like sluts and too many people's idea of a good time is to go to a club and get smashed out of their head.

There's a word for that blackification; white wannabe negros.

Thu, 04/03/2014 - 14:39 | 4622048 Troll Magnet
Troll Magnet's picture

Ob1Knob,

because those stupid Chinese view everything American as SUPERIOR.

Chinese view just about everything non-Chinese as SUPERIOR.  That's why they send their kids overseas to study, work their ass off to buy Mercedes and Rolexes, consume Japanese and Korean pop culture and generally avoid their own Made in China crap.  Yet they are extremely nationalistic and xenophobic.  They are the inbred sand monkeys of Asia.

As for our public education...You mention Cerritos as some sort of a public education haven.  Fine.  I'm familiar with Cerritos.  But what about the entire LAUSD system?  The most expensive yet THE WORST public school system in the country?  Do you see all those stupid Chinese parents sending their kids to Crenshaw High?  Compton? 

 

Thu, 04/03/2014 - 15:50 | 4622365 MeBizarro
MeBizarro's picture

You have no idea what you are talkinga about.  It is because of the Gaokao exam system and how if you don't score incredibly highly on it your screwed as a Chinese citizen unless you have politically-connected parents.  It is the only thing that matters when placement is determined for university students.  Nothing else (grades, sports, extracurricular, lifestory, etc) matters.

Thu, 04/03/2014 - 18:56 | 4623063 Lin S
Lin S's picture

No, it is YOU who don't know.

Political connections mean less than zero - as do high entrance exam requirements - if you live in the wrong province. 

Live in Guangdong but want to attend university in Beijing?  Sorry, but only a small handful of prospective students are admitted from where you live, no matter how "well-connected" your parents are, or how you scored on exams.

Lived there, seen that.

Try again, ignorant jackass.

 

Thu, 04/03/2014 - 14:25 | 4621973 eternalblue
eternalblue's picture

Like mentioned, it's just a prestige perception, a US education is a mark of class to the Chinese. 

It's just like buying a BMW or Audi and thinking it's high class when in actuality you are buying an overpriced, unreliable piece of work.

Hopefully the higher ed liberal viral idiocy gets exported to china too so it can destroy them also.

 

Thu, 04/03/2014 - 14:49 | 4622090 Troll Magnet
Troll Magnet's picture

And you know, it's a status symbol for them, too.

"My chillen go school in Amelika!"

Yeah...Just pray they make it out alive.

Thu, 04/03/2014 - 13:54 | 4621802 DIgnified
DIgnified's picture

isnt copper tanking?

Thu, 04/03/2014 - 13:54 | 4621805 Cacete de Ouro
Cacete de Ouro's picture

You want happy ending?

Thu, 04/03/2014 - 14:01 | 4621852 cougar_w
cougar_w's picture

Someone is going to wind up screwed, happy or no.

Fri, 04/04/2014 - 00:41 | 4623926 Zero Debt
Zero Debt's picture

Lao Zhi ancient wisdom: Do not make soup all bubble no broth.

Thu, 04/03/2014 - 13:54 | 4621807 More_sellers_th...
More_sellers_than_buyers's picture

Meh... go ahead and let them buy it. We will buy it back cheaper in 5 years

Thu, 04/03/2014 - 14:03 | 4621860 Troll Magnet
Troll Magnet's picture

Why buy it back? Let them pay our taxes and then, eminent domain, bitchez!

Thu, 04/03/2014 - 13:55 | 4621808 Bastiat
Bastiat's picture

This makes me sick.

Thu, 04/03/2014 - 14:05 | 4621865 cougar_w
cougar_w's picture

I don't see how it ever works out for the Chinese. The biggest risk for them is that these purchases are hot money from the shadow banking system there, the results of graft and corruption. As the Chinese margin calls (and perp walks) come in some of this money is going to be clawed back (given their history it might be at gun point) and result in huge fire sales of US real estate.

So bubble 2.0 will get a little life, and a small amount of money will be arb'ed by the brokers, but this is probably a dead man walking.

Thu, 04/03/2014 - 14:07 | 4621882 Bastiat
Bastiat's picture

I feel less sick, thanks.

Thu, 04/03/2014 - 14:22 | 4621927 NotApplicable
NotApplicable's picture

While I hope you're correct, I'm going to assume that for every blow-up, the PBoC will suddenly become the new de-facto property owner. There is absolutely no way this invasion will not be fully funded and allowed to collapse.

Thu, 04/03/2014 - 15:57 | 4622403 Watson
Watson's picture

To me, possibilities break down:
1. Purchases made with US debt;
2. Purchases made with Chinese debt;
3. Purchases are all-cash.

1. => Forced sellers might trigger US real estate crash (in far future);
2. => Forced sellers might trigger US real estate crash _soon_ (those margin calls);
3. => No forced sellers (these are bolt-hole purchases), but if things get bad in China the Chinese actually occupy the properties bought. Implication is moderately good for US property market.

No idea what of 1-3 is true for US, but Russian purchases in London are definitely 3 (which is why expensive top-end London is actually far _safer_ than much cheaper property outside London bought with 95% mortgage guarantees peddled by the Government - easy to see an election coming...)

Watson

Thu, 04/03/2014 - 15:49 | 4622364 Pool Shark
Pool Shark's picture

Cougar & Ob1Knob are correct. Those of us old enough to remember the "go-go" 80's real estate bubble; the Japanese buying up vast tracks of land in California, iconic buildings in Manhattan, country clubs and businesses; also remember how it ended.

How many remember the movie "Rising Sun" with Sean Connery in 1993. It was all about how Japan was going to take-over corporate America and run the universe in our stead. Many of the people I saw the movie with truly believed it was going to happen. Unfortunately (for the Japanese) that movie just about top-ticked the market. The real estate market crashed, and the Nikkei subsequently lost over 3/4 of its value.

2014: Enter the Chinese. I have deja vu all over again...

 

Thu, 04/03/2014 - 16:15 | 4622478 MansaMusa
MansaMusa's picture

Rising Sun?  Nah, but I remember Eddie Murphy in "The Golden Child"!

Thu, 04/03/2014 - 13:55 | 4621809 Son of Captain Nemo
Son of Captain Nemo's picture

Excellent!

Should come in handy when the United States gets nuked by Russian and Chinese ballistic missile submarines that will serve as a form of population control for China and India?

Thu, 04/03/2014 - 13:56 | 4621814 Grande Tetons
Grande Tetons's picture

Spending money is akin to ditching fiat. Real assets for real shit. 

Thu, 04/03/2014 - 13:57 | 4621825 Bill of Rights
Bill of Rights's picture

Hence the reason for cheap labor, no Guns and slavery, we are being preped for our coming overlords.

Thu, 04/03/2014 - 13:57 | 4621827 TaperProof
TaperProof's picture

No pretty map of where they are buying the most? Bummer.

Thu, 04/03/2014 - 14:06 | 4621876 cougar_w
cougar_w's picture

Down the block from where I live.

They made a minor play for my property too, I just laughed.

Thu, 04/03/2014 - 14:27 | 4621984 ParkAveFlasher
ParkAveFlasher's picture

Look no further than Queens and Brooklyn, NYC.  Chinese buyers are supporting local prices.  They are extending from their hive in Flushing eastward along the north shore and southwestward through Rego Park, Jackson Heights, Elmhurst, and Maspeth, in swath all the way down to Bayshore. 

Thu, 04/03/2014 - 13:58 | 4621832 NOTaREALmerican
NOTaREALmerican's picture

KaLi is booming because of Chinese buying real-estate.  

Survivor-of-the-fittest, bitchez!!!

Thu, 04/03/2014 - 14:06 | 4621878 NotApplicable
NotApplicable's picture

I wonder how effective they will be in Califas against La Raza?

Thu, 04/03/2014 - 14:12 | 4621914 NOTaREALmerican
NOTaREALmerican's picture

Imigrants tend to worry only about three things:  family,  money,  and finding other people like themselves.

Their grandkids might care about politics, but not the first generation.   

Thu, 04/03/2014 - 14:17 | 4621934 NotApplicable
NotApplicable's picture

Politics? I'm talking about open, gang-warfare, Asian vs. Hispanic style.

Thu, 04/03/2014 - 14:28 | 4621987 NOTaREALmerican
NOTaREALmerican's picture

Oh,  well,   when have immigrants ever not formed gangs?   I'm sure the Chinese males are as psychotic as the males on the rest of the planet.   If the gangs in San Fran are any guide, I'm sure they'll do just fine.  

That's just normal male fun,  like sports.

I thought you meant the politics of Mexicans. 

Thu, 04/03/2014 - 14:34 | 4622019 LFMayor
LFMayor's picture

True Dat!

And here I thought all this time that Big Trouble In Little China was just a fun, campy B-rate movie.  It was a window to the future, a documentary even.

Thu, 04/03/2014 - 13:59 | 4621833 The Abstraction...
The Abstraction of Justice's picture

This is not necessarily a bad thing.

1. Sell them the land.

2. Nationalize it back again.

 

www.kingoftherepublic.com

 

Thu, 04/03/2014 - 14:09 | 4621894 NotApplicable
NotApplicable's picture

A trillion in Treasurys says you're wrong on the nationalization scheme.

Not to mention that this fits in perfectly with the upcoming "failure of ALL nation-states" to usher in NWO.

Thu, 04/03/2014 - 13:59 | 4621836 Rising Sun
Rising Sun's picture

Who fucking cares???  Chinese can maintain and pay taxes on these properties too.

 

And if these communist fuckers decide not to, the property is liened and eventually resold.

 

Lather rinse repeat.

Thu, 04/03/2014 - 13:59 | 4621838 Mitch Comestein
Mitch Comestein's picture

Give me a break.  It is not like they can pack it up and move it to China.  They are subject to our laws.  

 

Oh, and by the way, give us numbers not just 'a lot' and 'massive amounts' and other qualitative words.  Those words don't mean anything to me.

Thu, 04/03/2014 - 14:10 | 4621904 NotApplicable
NotApplicable's picture

You really think they won't own the politicians too? LOL

Good luck, sucker. You're gonna need it.

And then some.

Thu, 04/03/2014 - 14:50 | 4622097 Buckaroo Banzai
Buckaroo Banzai's picture

Hell the Chinese bought Bill Clinton and Al Gore over 20 years ago. I'm no Bush fan, but we're probably better off that he stole that election. Eight straight years of sellouts to the Chinese brought the goods-producing sector of our country's economy to its knees. Can you imagine how bad it would be if it had been 12 straight or even 16 straight years?

Thu, 04/03/2014 - 17:08 | 4622618 hootowl
hootowl's picture

What laws!  We are a former constitutional republic who has suffered a coup de `tat by a shadow government that has installed an illegal alien as its POTUS, and not a single law enforcement or military agency in the country will arrest the usurper......,quite the reverse;  Feds will assasinate anyone who can present a valid challenge to the evil POS and his Mooch who are squatting in the White Mosque working diligently to inflict as much damage to this country as they can.

Do you really want to welcome hordes of uber-wealthy criminal Chinese into the country to further corrupt American officialdom with their trillions of dollars of ill-gotten gains?  That cultural devolution might be more subtle than the Ebonic Plague that now assails us, but it will be just as destructive as the onslaught of the Ebonic Plague and the Liberal/progressive jihadists that have already dragged us down into the moral cesspool in which we currently struggle.

The influx of thousands upon thousands of amoral/criminal Chinese will add a devolutional synergism that will hasten our cultural and economic demise.

Thu, 04/03/2014 - 14:00 | 4621840 PlusTic
PlusTic's picture

I'm gunna set-up off track betting in the towns they buy-up...these fukkers can't stop gambling...the place will be packed 24/7

Thu, 04/03/2014 - 14:00 | 4621841 NOZZLE
NOZZLE's picture

Sell pile of cotton in warehouse to 12 different people, write bond sold to bank trust secured by same pile of cotton in warehouse at least four time, use proceed buy house(s) in dying american neighborhoods to rent to welfare recipients recieving HUD housing voucher for $1,800 month.

Bought pile of cotton in warehouse, write bond sold to bank trust secured by same pile of cotton in warehouse at least four time, use proceed buy house(s) in dying american neighborhoods rent to welfare recipients recieving HUD housing vouchers for $1,800 month.

Bought  . . . . .

Bought . . . . . .

Thu, 04/03/2014 - 14:01 | 4621847 PlusTic
PlusTic's picture

about as accurate a description as i have ever seen ;)

Thu, 04/03/2014 - 14:00 | 4621842 Meat Hammer
Meat Hammer's picture

Fucking Zirrow.

Oh, come on!  You knew it was coming.

Thu, 04/03/2014 - 14:02 | 4621857 Grande Tetons
Grande Tetons's picture

I, did not. That is why I just pissed myself. 

Thu, 04/03/2014 - 14:06 | 4621880 fonzannoon
fonzannoon's picture

I don't know whether to be pissed about this article or to list my address in Beijing and hope a few of those suckers get into a bidding war and bail me out of my money pit.

Thu, 04/03/2014 - 14:09 | 4621901 Grande Tetons
Grande Tetons's picture

I actually spoke to the person who bought my moneypit before selling. I asked him...are you sure? Poor fucker...he was sure. 

Thu, 04/03/2014 - 14:24 | 4621941 ParkAveFlasher
ParkAveFlasher's picture

RIGHT ON.  Just a got a phone call from the wife.  "We need to talk."  Wish me luck, bitchez!

EDIT: I'm trying to angle the convo towards "post-apocalyptic goat farm up the Hudson", like a true f'n ZHer, but might be renting for awhile...

Thu, 04/03/2014 - 19:03 | 4623101 Blano
Blano's picture

Take the money and run.

Thu, 04/03/2014 - 14:11 | 4621909 jtz5
jtz5's picture

"What the fuck is a frush?  Well, I have two 7s and two 7s beats a frush."

-Booger to Takashi

Thu, 04/03/2014 - 14:04 | 4621862 X_mloclaM
X_mloclaM's picture

“People think it’s 50-75 years away but it’s probably only 25 or 20 years away, something like that."

...

hows their timing forecasts again...

seems an acknowledgement of serious $ issues forcing the fact

Thu, 04/03/2014 - 14:07 | 4621888 mr1963
mr1963's picture

It's ok - until they buy Pebble Beach and Cypress Point, then the knives come out. Or does that mean it's the top...

Thu, 04/03/2014 - 14:07 | 4621889 F.A. Hayek
F.A. Hayek's picture

Fuck China, and fuck all the Americans who are pimping our country out to the highest bidder.

Thu, 04/03/2014 - 14:14 | 4621920 goldhedge
goldhedge's picture

You have a gun don't ya?

 

Thu, 04/03/2014 - 14:45 | 4622069 Cursive
Cursive's picture

@F. A. Hayek

It includes a $1.5 million, 50,000-square-foot building that the city constructed in 2009 to attract businesses.

 

The fucking city constructed this shit.  Americants have forgotten the roles of government and private enterprise.  The property transfer should read: From the People's Republic of Thomasville, AL to the People's Republic of China

Thu, 04/03/2014 - 15:08 | 4622173 F.A. Hayek
F.A. Hayek's picture

It's the old addage - a dollar earned is appreciated much more than a dollar given to you. Private enterprise would never allow this, because it would mean a loss to owners / investors. When there is no skin in the game, there is nothing to lose, and we can see how that turned out for the US in our most recent economic downturn. House flippers and liar loans get us blighted neighborhoods, defaulted loans and a collapsed housing market, a collapsed housing market get us bailed out banks, bailed out banks get us a debased currenty and so on.

Thu, 04/03/2014 - 14:09 | 4621892 Lin S
Lin S's picture

Posted the following content in the reverse mortgage thread, but will repost because I will likely sell to Chinese buyers.  Now think about this crap, think about what it is they're buying - and remember, in the Chinese mind, owning property is "safe" - and then let that sink in for a minute.  Think about their "investment."

*Edit: bear in mind also that I am part Taiwanese.  I know how these buyers think...

I am seeing my local neighborhood and surrounding area declining, and the pace of decline is accelerating.  This is suburban Los Angeles area.

Examples:

Big 5 and Arby's closed.  Arby's flattened and a large 7-Eleven appears with big EBT signage in windows.

Gas station closed.  Large 7-Eleven appears with big EBT signage in windows.

Marshall's closed.  Space vacant for a a few years until BevMo opens in same spot.

Trader Joe's closes after 20+ years and record sales.  Trader Joe's, in a statement, says locations further north (which are closer to the mountains and more affluent - and away from Interstate 10) will remain open. 

Two local Albertson's closed, buildings now empty derelicts. 

Super-WalMart opens, 24/7/365. 

Police helicopter appears 1-2 times per week overhead, sometimes circling for hours.

Ambulence sirens a daily occurence near my block now.

Local Baskin-Robbins sees fewer and fewer successful people, more FSA-type of folks, coming in.  Windows outside and glass cases inside increasingly carved up with graffitti.

Graffitti appearing on/around freeways more and more.  City authorities don't bother to clean it up.

City easements not maintained for over a year.

Young college-aged men cruising the neighborhood as if looking for something during weekday business hours.  Why are they not working?  How can they afford new-looking clothes and shoes they wear?

Conclusion: I am going to sell and leave.   I won't buy another house for awhile, just rent an apartment and wait and see what happens.

However, an ongoing divorce proceeding prevents me from selling right now, today.  Will I still get this year's price for my home next spring?  I hope so, not much I can do for now...

Thu, 04/03/2014 - 14:40 | 4622052 RafterManFMJ
RafterManFMJ's picture

You can buy thousands of empty sandbags very cheaply, keep them on had and fill / position them when needed. Sounds like that'll be in about 18 months.

Thu, 04/03/2014 - 14:48 | 4622086 Cursive
Cursive's picture

@RafterManFMJ

Bunch of websites that teach sandbag home contruction....FTW.

Thu, 04/03/2014 - 14:10 | 4621906 Let them eat iPads
Let them eat iPads's picture

Well, they have to launder all that stolen money somewhere.

Anyway, they'll soon be selling it for 50% less once China crashes and burns, just like the Japs did.

Thu, 04/03/2014 - 14:16 | 4621928 Lin S
Lin S's picture

For the LIFE of me I just can't understand why the Chinese DON'T GET IT that they're being played.  For them, owning a home with no mortgage equals safety and security, so certain are they that the US Government is morally superior to Beijing.

They have no idea what they're in for.  None.

Thu, 04/03/2014 - 14:26 | 4621977 NotApplicable
NotApplicable's picture

Perhaps you're focusing on the wrong class of Chinese? I highly doubt these people are the proletariats of which you speak. More likely it's the looting class.

Thu, 04/03/2014 - 14:37 | 4622033 Lin S
Lin S's picture

They are the looters, most definitely.

The weird thing is, having arrived here with the cash they laundered in Macau, they believe they're "safe."  It never enters their mind that an American government official at any level might be just as dishonest and corrupt as they are...

Thu, 04/03/2014 - 14:50 | 4622096 Cursive
Cursive's picture

@Lin S

Yes, they are most likely victims of the self-inflicted grass-is-always-greener-on-the-other-side syndrome.

Thu, 04/03/2014 - 14:14 | 4621921 q99x2
q99x2's picture

I believe the bankster fraudsters did something similar with Japan. Then everything took a dump.

I wish Yellen would counterfeit me a bundle so I could buy up property in Germany.

Thu, 04/03/2014 - 14:44 | 4622066 RafterManFMJ
RafterManFMJ's picture

Or in beautiful Switzerland. I will sell Ricola from a cart at the airport.

But seriously folks I looked into getting citizenship in Switzerland. It's very unlikely, to put it mildly.

Thu, 04/03/2014 - 14:14 | 4621923 F.A. Hayek
F.A. Hayek's picture

Fortune cookie fortune: The most important things in life aren't things.

Ah-so.

Thu, 04/03/2014 - 14:37 | 4622036 LFMayor
LFMayor's picture

I read this shit a few weeks ago:  "Man learn violence not only answer when mosquito land on testicle".

I probably read it here, come to think of it.

Thu, 04/03/2014 - 14:14 | 4621924 1stepcloser
1stepcloser's picture

Wake me up when they purchase pebble beach!

Thu, 04/03/2014 - 14:17 | 4621932 Elliott Eldrich
Elliott Eldrich's picture

So let me get this straight: Chinese communists are now rich enough to where they are buying up our real estate and large companies, investing in our communities, and providing employment as "job creators" here in USA, all while American industries are outsourcing, offshoring and otherwise eviscerating our national ability to produce things people want and need? Do I have this right? 

Talk about a "through the looking glass" moment. Who exactly am I supposed to be rooting for here?

 

Thu, 04/03/2014 - 14:30 | 4621992 NotApplicable
NotApplicable's picture

Proponents of sound money. None of which are anywhere close to being "in the picture."

This is pure CB blowback, as predicted by Thomas Jefferson.

Thu, 04/03/2014 - 14:18 | 4621937 Smegley Wanxalot
Smegley Wanxalot's picture

The Chinese immigrants I have met here seem to care a lot more about maintaining their property and not letting their kids run around like bratty punks than the indigenous white trash, so the more Chinese the better.

Thu, 04/03/2014 - 15:04 | 4622151 Magnum
Magnum's picture

I know and do business with a lot of blue collar Chinese & Viet. Here's the deal. They hate black people. Despise blacks and are deeply racist 100x some redneck in Arkansas. Someone should do a TV documentary that includes real honest translations of what Chinese day about blacks. Just one insight, there is a movie called Neerakoon The Deception. Brilliant movie. This Laotian guy films his family and his mom says stuff about coming to NYC that if directly translated is the most disturbing racist language about blacks, but she says it in Lao and the subtitles do NOT match what she says.

The Chinese have, with equal tenacity, this crazed need to have their kids go to school with whites. Don't tell me I am wrong!! I am not. So every district with a lot of whites is mobbed by Chinese.

Thu, 04/03/2014 - 15:11 | 4622198 Magnum
Magnum's picture

Sorry the movie is called The Betrayal. Nerakhoon.

Thu, 04/03/2014 - 15:54 | 4622388 MeBizarro
MeBizarro's picture

Yup.  My friend's wife is Chinese ex-pat (finished her PhD here and now working as a nuclear engineer) and she/her mother & their friends (Chinese Luthernan church) are some of the most racist people I have ever seen/encountered regarding black people.  It is like a Klan rally when they discuss black people they encounter in Wilmington/Philly.  

Thu, 04/03/2014 - 16:20 | 4622471 Hongcha
Hongcha's picture

The Africans in Oakland target Chinese for strong-arm robbery because they like to carry cash and are not likely to be streetwise.  There is nothing in China remotely like our African ghettoes.  They are simply not prepared for the violence, the ruthlessness.  I second what Magnum relates; they despise the Africans as sub-human.  They will hire Mexicans, though.  They address them one and all as 'Amigos' and use them for dishwashing and as general factotums.

 

 

Thu, 04/03/2014 - 16:21 | 4622494 Magnum
Magnum's picture

Yes it is quite funny. 

The Vietnamese shopkeepers know one word "Amigo" and act as if this is the pinnacle of how to deal with their south-of-the-border employees.  Amigo.  

Thu, 04/03/2014 - 16:39 | 4622542 Hongcha
Hongcha's picture

Well, I'm prejudiced but I have seen enough and travelled enough to tell you the Chinese and Viets bust their ass, take care of their children and venerate the elderly.  That's good enough for me and we have plenty of room for them and their dollah$ imvho.

Thu, 04/03/2014 - 17:12 | 4622643 icanhasbailout
icanhasbailout's picture

They eat cats, so I say screw the chinks.

Thu, 04/03/2014 - 20:56 | 4623491 FredFlintstone
FredFlintstone's picture

They eat fetuses to prove how wealthy they are and display their status. No shit.

Thu, 04/03/2014 - 14:20 | 4621948 q99x2
q99x2's picture

This will be neat because with all the Russians and Chinese in the US the only way to have a WWIII would be for the Oligarchs to duke it out in a ring.

Putin and Obama in a ring with Abe and JinPing running second match.

The one that poohs himself pays out 10 to 1.

Thu, 04/03/2014 - 14:21 | 4621953 Spungo
Spungo's picture

Didn't Warren Buffet tell a parable about this? Squanderville ends up selling their shit to Thriftville to cover the debts racked up over the years. But deficits don't matter.

Thu, 04/03/2014 - 14:27 | 4621986 Orwell was right
Orwell was right's picture

If for a moment, we reframe the article above in terms of ALL private land ownership by a handul of uber-wealthy....(whether from China, Europe, Russia, or the good ole USA)....a slightly more disturbing picture starts to emerge.    Taking total # of US acres...subtract national forests...subtract Federal reserves (military, Native American, etc.)...subtract State and Local land holdings.....and then take a look at that result compared against total land holding of a small number of folks who own a lot.....the percentage starts to look  bit ominous.   

We of course are in no immediate danger of being 'devoured' by these folks....but something is clearly wrong with the "American Ideal of Land/Home ownership" when a small number of folks start owning double digit percentages of the total available-to-be-owned land. 

Thu, 04/03/2014 - 14:30 | 4621997 NotApplicable
NotApplicable's picture

All of whom are connected to the political/bankster class.

Thu, 04/03/2014 - 14:31 | 4622001 NOTaREALmerican
NOTaREALmerican's picture

I think you'd have to turn the US culture from one which worships survival-of-the-fittest into one that has a we're-all-Mericans-in-this-together.  

But, the Canadians in Vancouver BC didn't mind selling their land to Hong Kong Chinese over the last 20 years,  I don't think REAL mericans will either.  

Thu, 04/03/2014 - 14:32 | 4622009 rustymason
rustymason's picture

Selling my house. The only white family in an affluent Chinese neighborhood. Rusty's cashing in on America's wretched disfigurement.

Thu, 04/03/2014 - 21:17 | 4623550 deflator
deflator's picture

 Another proud American.

Thu, 04/03/2014 - 14:49 | 4622088 Hondo
Hondo's picture

Well, they can't buy it if Americans don't give them the $$.

Thu, 04/03/2014 - 14:49 | 4622092 Boomberg
Boomberg's picture

I got a condo for sale in TN on the market for 5 years at a discount of $110K. If you're Chinese and interested better move on it soon. Clean air, clean water. Will let it go for $200K. You gotta pay up to beat the rush. Will throw in an old Shitzu and some fortune cookies. 

Thu, 04/03/2014 - 20:55 | 4623471 deflator
deflator's picture

If your condo has been on the market for 5 years then 110k isn't the discounted price. The market has spoken. Condominiums combine the very worst aspects of home ownership and apartment living. HOA's are generally unregulated skimming operations for HOA board of directors and their appointed property managers. A lot of condo's started out as apartments and converted to condos as a way to allow developers out of properties with huge long term maintainance liabilities.

Thu, 04/03/2014 - 14:55 | 4622114 Magnum
Magnum's picture

Every self respecting country limits the right of non citizens from the purchase of land.  Try buying land in China or Austria, Thailand or Australia.  The USA free-for-all is a shameful joke at the expense of Americans.  Watch Obama or other politicians try to sell off land rights in order to raise govt money, and the average Joe will do fuck all to stop it.

Thu, 04/03/2014 - 15:02 | 4622136 cougar_w
cougar_w's picture

If we're lucky the ChiComs will buy up large parts of Washington DC and eventually evict the Federal gov out onto the streets, homeless.

Thu, 04/03/2014 - 15:57 | 4622132 22winmag
22winmag's picture

After the debt jubilee, the mass hangings, and the restoration of the republic, these fradulent sales facilitated with illegitimate FRN monopoly money willl be invalidated.

Thu, 04/03/2014 - 15:11 | 4622196 Fractal Parasite
Fractal Parasite's picture

Creditor No.1 has to get something of value for those $3Tr of bonds before they become worthless in a couple of years.

Thu, 04/03/2014 - 15:18 | 4622227 CheapBastard
CheapBastard's picture

The PRC Gubmint officals [who make officially $600/month] cannot wait to get their Millions out of China fast enough into non-trackable prime USA real estate. It's a true "Golden Era" for them.

Thu, 04/03/2014 - 15:28 | 4622262 comob
comob's picture

Plaque for a New Statute of Liberty

"Keep, ancient mandarins, your barbarous relics!” cries he with silent lips.

“Give me your suicidal bankers, your larcenous thieves, your fraudsters yearnings for fresh marks, the scurrilous scoundrels of your teeming bourse.

Send these nouveau riche, fleeing just ahead of indictments to me, I lift my lamp beside the golden sachs: muppets welcome here!”

 

 

Thu, 04/03/2014 - 17:02 | 4622602 ParkAveFlasher
ParkAveFlasher's picture

^^this!!1

Thu, 04/03/2014 - 15:29 | 4622278 J_jade
J_jade's picture

It's so simple to end this right here and now with a Law.  If you are not an American Citizen you cannot buy land in the US.  Same goes for Canada and Europe.  Why not, this is the Law In communist China.

Thu, 04/03/2014 - 15:50 | 4622367 Magnum
Magnum's picture

It is the law everywhere not just China.

Thu, 04/03/2014 - 19:58 | 4623298 J_jade
J_jade's picture

U seem to contrafict yourself.  and no it's not.  Communist countires do not allow the purchase of property by non citizens, western countries do. 

Thu, 04/03/2014 - 15:32 | 4622289 SmittyinLA
SmittyinLA's picture

They're front running mass Chinese immigration into America, next come waves of Chinese immigration exceeding 10 million a year for decades, its their right, in our trade treaties, we have no say so. 

 

 

Thu, 04/03/2014 - 16:16 | 4622455 deflator
deflator's picture

The laws in the U.S. were originally designed to protect the individual from the collective. Now all laws are designed to protect the collective from the individual.

Oddly enough,  laws that protect collectives from individuals create immense arbitrage opportunities for those inclined towords corruption.

Thu, 04/03/2014 - 16:27 | 4622509 yellowsub
yellowsub's picture

At least they can afford to buy it outright better than those who can barely put down 3.5%!

Thu, 04/03/2014 - 16:38 | 4622543 atomicwasted
atomicwasted's picture

Populist bullshit of the lowest order.  If you reversed "Chinese" and "US" then this screed would be denounced as Chicom Propaganda - how dare the yellow peril complain that we are buying their land and building factories on it!

This is like the inverse of those shitty Diplomat articles, and just as stupid.

Thu, 04/03/2014 - 17:11 | 4622637 icanhasbailout
icanhasbailout's picture

How do you say "bag holder" or "knife-catcher" in Chinese?

Thu, 04/03/2014 - 17:34 | 4622712 deepsouthdoug
deepsouthdoug's picture

Well, at least they won't complain about structures with Chinese drywall.

Thu, 04/03/2014 - 18:04 | 4622870 Goldilocks
Goldilocks's picture

Cellular Soundtrack - Nina Simone - Sinnerman [HQ]
https://www.youtube.com/watch?v=yDLRTXIH8ws (4:34)

Thu, 04/03/2014 - 18:45 | 4623041 Iam_Silverman
Iam_Silverman's picture

"Have fun being a peasant under your Wall Street and Chinese feudal lords."

No worries here.  Been totally debt-free for years.

And, if more of "them" move here, maybe the Chinese restaurants will improve?

Thu, 04/03/2014 - 19:06 | 4623115 franciscopendergrass
franciscopendergrass's picture

Didn't the Japanese try this shit in the late 80's/early 90's?  How did that turn out for them?

Thu, 04/03/2014 - 19:46 | 4623252 SweetDoug
SweetDoug's picture

'

'

'

This is why the ChiComs aren't really going after the keptocrats.

 

•?•
V-V

Thu, 04/03/2014 - 21:05 | 4623521 FredFlintstone
FredFlintstone's picture

Sell it all to them and then run then all back out. Our problems solved.

Fri, 04/04/2014 - 05:49 | 4624154 vyeung
vyeung's picture

Well, China owns the JPM HQ now that is linked to the FED. I guess the FED will be owned by China too. So really just a change of guard. From Britian to China. Well, atleast you'll have some jobs when they decide to move some industry back to the US. Thats the problem when a society spends more than it can earn. I'm afraid the writing has been on the wall for quite some time. The middle class only has itself to blame for the implosion and being SHEEP. Too much CNBC, reality shows and synthetic foods/sugars.

Fri, 04/04/2014 - 11:09 | 4624892 Vin
Vin's picture

Right now there's nothing we can do about this.  But once we reestablish America we'll be able to nationalize foreign and banker ownership of all land and resources.

There's no reason that we should have to live with the mess created by the bankers' politicians.

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