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Welcome To Arcadia – The California Suburb Where Rich Chinese Stash Cash In McMansions
Submitted by Mike Krieger of Liberty Blitzkrieg blog,
The city, population 57,600, projects that about 150 older homes—53 percent more than normal—will be torn down this year and replaced with mansions. The deals happen fast and are rarely listed publicly. Often, the first indication that a megahouse is coming next door is when the lawn turns brown. That means the neighbor has stopped watering and green construction netting is about to go up.
Arcadia is a concentrated version of what’s happening across the U.S. The Hurun Report, a magazine in Shanghai about China’s wealthy elite, estimates that almost two-thirds of the country’s millionaires have already emigrated or plan to do so.
- From the Bloomberg article: Why Are Chinese Millionaires Buying Mansions in an L.A. Suburb?
The surge in foreigners buying up U.S. real estate has been well documented in recent years. Of all this buying, no nation has demonstrated a bigger increase in purchases than China. In fact, it is estimated that 24% of all foreign purchases of domestic real estate this year have come from China, up 72% from last year. In my post from July, Chinese Purchases of U.S. Real Estate hit $22 Billion as The Bank of China Facilitates Money Laundering, I noted that:
In some California communities, 90% of real estate buyers are from China. Yes, 90%. Naturally, many of them are buying multi-million dollar homes in “all cash” transactions.
Well it appears that one of those communities is the 57,000 person Los Angeles suburb known as Arcadia. The suburb had a relatively insignificant Asian population of 4% in 1980, but it is now 59%. Of course, I could care less what the ethnic mix of any particular suburb is, but what does concern me is that a lot of the recent money coming in seems to be from questionable characters. The buyers are getting access to U.S. real estate via the EB-5 visa program, and of the 10,000 of these given away this year, 85% went to the Chinese. Oh, and it’s estimated some 20% of these home sit vacant. A great use of resources.
Here are some excerpts from Bloomberg’s expose:
Ornelas is an informal broker in Arcadia, Calif., a Los Angeles suburb at the foot of the San Gabriel mountains. He’s been keeping an eye out for the builder, an Asian man with a slight comb-over who goes by Mark. Ornelas has found two older homeowners who’ve finally agreed to sell their properties, and he knows that Mark, like all developers here, needs land on which to build mansions for an influx of rich clients from mainland China.
Ornelas rattles off addresses on a nearby street. “Three-eleven, that guy, he’s wack,” he says, shaking his head. “He wants 2.8.” He means million dollars. “And then 354, they want $2 million.”The lot is 17,000 square feet. “Seventeen for 2 mil?” Mark asks, incredulous.“I know,” Ornelas says. “They’re going crazy.”A year ago the property would have gone for $1.3 million, but Arcadia is booming. Residents have become used to postcards offering immediate, all-cash deals for their property and watching as 8,000-square-foot homes go up next door to their modest split levels. For buyers from mainland China, Arcadia offers excellent schools, large lots with lenient building codes, and a place to park their money beyond the reach of the Chinese government.
The city, population 57,600, projects that about 150 older homes—53 percent more than normal—will be torn down this year and replaced with mansions. The deals happen fast and are rarely listed publicly. Often, the first indication that a megahouse is coming next door is when the lawn turns brown. That means the neighbor has stopped watering and green construction netting is about to go up.
Arcadia is a concentrated version of what’s happening across the U.S. The Hurun Report, a magazine in Shanghai about China’s wealthy elite, estimates that almost two-thirds of the country’s millionaires have already emigrated or plan to do so.
The city’s Asian population grew from 4 percent in 1980 to 59 percent in 2010.
Smith says many of the newest buyers in Arcadia don’t speak English. “They’ve just come here,” he says. “They’re on that EB—what’s it called?” He means the EB-5 visas that the U.S. grants to foreigners who plow at least $500,000 into American development projects. Congress created the program in 1990 to spur investment, and demand for the visas has grown recently. This year, for the first time, the government gave away the annual allocation of 10,000 visas before the year was over, with Chinese nationals snapping up 85 percent. Brokers in the area say it’s the most common way buyers are coming to town. “Once they obtain residency, they want to bring their family over and get the United States education,” says real estate agent Ricky Seow. “They can start a new life in California.”
In late 2013, Cheng and her mother, Wang Jun, bought a 9,000-square-foot house with a pool and spa in Arcadia for $6.5 million. According to an L.A. property filing, Wang’s husband is Cheng Qingtao. He’s CEO of China Huayang Economic & Trade Group, one of the first state-owned companies set up by the central government, which still owns a majority stake. Heli’s two-story chateau-style home is only a few miles from one owned by her aunt, who’s married to Cheng’s older brother, Cheng Qingbo. Qingbo was the first private owner of railroads in China and, by 2013, was the country’s 257th-richest person, worth an estimated $1.06 billion, Hurun says. In June, Shanghai police arrested Qingbo for allegedly duping people into investments, including a project that, China Business News says, didn’t exist.
Yep, the guy gets cuffed in China, but here in America we welcome him with open arms and he gets to buy a mansions.
For most Arcadians, it would be hard to know if Heli owned the house next door. A member of one homeowners association estimates that about 20 percent of the new purchases sit empty, and for those who don’t speak Mandarin, language barriers have made it hard to share more than a wave with neighbors. For many sales, public records provide no way to understand who the new owners are. A recorded deed may show just an English transliteration of a buyer’s name, with no signature. Some public documents provide small clues: a second address in a luxury condo near Tiananmen Square; a seal if a document has been notarized at the U.S. Embassy in Guangzhou; a husband who relinquishes rights to the land to his wife; or a signature in Chinese characters.
A few miles south, another new house, this one with Tuscan styling and Moorish window treatments, sold last year to a woman named Jin Liping. Her husband, Du Jianming, is the owner of one of China’s largest private builders of steel structures. His company has built bridges in Shanghai and connecting railways on the Tibetan Plateau. His wife bought the 8,000-square-foot house in Arcadia for $4.8 million in September 2013, around the same time the couple faced financial pressures at home. They lost three lawsuits in China related to unpaid loans, but their home in California looks in peak condition, with little red ribbons tied around the topiary by the front door.
Another criminal, welcome with open arms in America. Must be nice.
A goldenrod-yellow house on South 6th Avenue belongs to Tao Weisheng and Du Xiaojuan, who develop homes and run hotels in Chongqing. Tao is known in China for collecting calligraphy and paintings—and for reportedly paying bribes to bureaucrats. According to state-run media, in 2004, Tao and a business partner paid a local official’s gambling debt at a Macau casino. The official had given them a land certificate they needed for a loan. In 2010 the court found the official guilty of taking a bribe and gave him a suspended death sentence. The prosecutor didn’t charge Tao and his partner. The homeowners or their representatives declined to comment or did not respond to interview requests.
Lately, groups of Chinese investors have pooled their money to buy Arcadian homes, which often aren’t occupied. More than 400 residents showed up at a community meeting with the police department this spring, in part concerned about a spate of burglaries targeting empty mansions. When there are leaks or other problems with a property, even the city struggles to identify who’s responsible. “Who do we contact? Where do we contact them?” says Jim Kasama, the community development administrator for the city’s building department. “Sometimes it’s not that easy.”
With so many homes vacant and language barriers prevalent, distrust is building. There are strange rumors—local officials on the take; bridal studios as fronts for massage parlors—and stranger truths. Just steps from the Arcadia police station, a local TV news reporter uncovered a hotel being used for birth tourism. A member of one homeowners association says a developer told the local board at various meetings that three separate homes he was building were all for his own family. When the board called him on it, he said his wife couldn’t decide which one she wanted.
Well sure, when you allow corrupt Chinese billionaires in, what do you think is going to happen? They’re not used to playing by the rules.
Neighborhood disputes are getting intense. Dong Chang, a local dermatologist who told the Rotary Club that he left Taiwan in the early 1970s with “two bags of rice and a frying pan,” is suing the developer building a mansion next door for cutting down an old oak tree on his property. He’s seeking about $280,000, saying the harm was “intentional, fraudulent, oppressive, malicious, and despicably done.” It’s trickier for those without accounts in Hong Kong. Chen Ping, a local broker, says there’s a common workaround. “We call it ‘head-count wiring,’ ” she says. Buyers line up other people—friends, family, or, if need be, paid strangers—to each transfer a share. “I once had a customer who bought a $1.9 million house in Arcadia who said, ‘Not a problem. I have more than enough head counts,’ ” Chen says. Many buyers have legitimate ways to wire the funds, says broker Imy Dulake, but “there is no way we can have this much cash coming in legally.”
What’s happening in Arcadia is very similar to what I highlighted about Manhattan real estate in yesterday’s post: Meet the Pied-à-Terre Levy – The Proposed Tax that Could Crush High End NYC Real Estate.
Between private equity, hedge fund and foreign oligarchs buying, I’m surprised a single American citizen has purchased a home in the past five years.
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Ancient Chinese secret, huh?
only 2/3?
I go thru Arcadia all the time... They can keep it. Too frigg'in foggy and cold most of the time.
yeah well as opposed to places in Michigan that have been overrun by radicalized, filthy, anti-American, musloids, I'd rather see towns in America with more Asian people.
They aren't going to cause riots and aren't going to go around bashing America and the Constitution. They most likely will be conservative and anti-Communist, unlike a certain douchebag in the White House.
And they don't go around cutting people's heads off either. They mostly keep to themselves.
And apparently they have money and are entrepreneurs...unlike nearly all the other types being let into the country who just want free shit paid for by American tax payers while trashing us and trying to overthrow our country.
At first. Wait until they are a majority and don't feel they have to play your game anymore. You are a big pile of shit to them.
Dearborn, Michigan is now majority Muslim and the Muslim children are taught they are superior to infidels in all things and that violence against infidels is always justified by the Qur’an. At the end of a football game between two private schools in Dearborn, Michigan, four Muslim football players rushed a Christian quarterback, knocked off his helmet and beat him unconscious.
The new media kept a tight lid on the story until the district attorney’s office was finally forced to file minor charges against the four Muslims involved. There is no mistake that the attack was deliberate. The Lutheran Westland team was beating the Star International Academy which is all Muslim, by a score of 47 to 6 at the end of the fourth quarter. It was the last minute of the game and Lutheran’s quarterback was going to “take a knee” and run out the clock. Knowing this, the referee had told both teams that there could be “no contact” on the play. As the Lutheran quarterback kneeled with the ball the Muslims busted through the unprepared defensive line and beat him after taking off his helmet. According to published reports, Lutheran’s quarterback suffered a concussion from the beating.
Parents of the victim had to push for months for charges to be filed despite the fact that the entire attack was captured on video. Islamic groups are now claiming that the minor charges filed against the four Muslim players are “racist.”
http://www.pressandguide.com/articles/2012/01/14/news/doc4f10672d3e47d00...
they probably ran up the score and deserved a beatdown
The same thing is happening here in NJ, only it isn't the Chinese tearing down homes and building McMansions; it's the orthodox Jews.
They are putting Yellens money to good use.
I heard from some new friends in South America... there is a whole town taken over by Orthodox Jews. You drive through and it is all over. You see a foreign Country in the USA in like New Jersey or some place like that.
I can't remember exactly where.
There's a Buddhist monastery in Arcadia.
http://www.beachcalifornia.com/srca/churches/arcadia/1-tibetan-buddhist-...
Any Chinese Buddhist buying a home near it can file some papers claiming to be a "monk" at the monastery and the NEVER PAY PROPERTY TAXES AGAIN. EVER.
Ancient Chinese secret.
Yeah, but word on the street is you can't make statements that sound like politics. And you might be approached by the feds to say certain things and keep tabs on people.
Maybe it works better if you are retied and never have commercial ventures like selling necklaces.
If you makes wages... maybe your house is no longer a church. Doesn't sound right, but people use special status all the time. Foundations.
Wife's house just went into escrow this week. Arcadia, been in the family since the folks bought it for $40k.
Dat's profit, I don't give a fuck where the money came from, but they are going to carry a mortgage of $1mm.
Bitchez...I still pick up pennies
It's about to get real, now.
You have a cool 1 million fedscrips from the sale of your father-in-law's property. A ChiCom bought it, probably. The money is no doubt held in your wife's name (should she decide to leave your sorry ass behind). Ownership of property and control of the lands that were deeded to you (her) are actually NOT important, though. The 'real' game is about BRAGGING to your friends around the workplace about how fucking 'rich' you have become. It doesn't matter that your father-in-law probably worked his ENTIRE LIFE to purchase and pay for this property in order that when he died he was able to pass on this PROPERTY should his daughter decide to need a place to call home. It doesn't MATTER AT ALL to you. With that 1 million dollars (equally shared), you will go and party in Vegas, piss it away with hotel rooms, take a cruise on an Obola ship, get a few hookers, invest in the 'stock market', and buy that new car you have always wanted (perhaps a Cadillac or Ford). A penthouse in Manhattan is beyond your means (by a long shot), so you will piss away the wealth you (equally shared!) have ammassed, and still be in the same place as you were before the sale; perhaps in the space of 2 years or so.
The ChiCom owns it now. It will smell of fish and rot, within months. The legacy of your wife's family is turning to DUST, and you are BRAGGING because you are 'so fucking smart'.
When the worthless fedscrip DOES run out (and it WILL), you and wifey will be scrambling to pay the 'capital gains tax', and kicking yourselves as you look for another place to live because your NEW McMansion won't be able to be FUNDED (because of the 33 and a third% tax off the top, and the way you pissed it all away).
"Dat's profit, I don't give a fuck where the money came from, but they are going to carry a mortgage of $1mm."
A wise man once stated 'Ignorance and arrogance go hand-in-hand'.
You have mortgaged your SOULS for a night in Vegas.
This one will get you:
http://www.youtube.com/watch?v=pLu07aXTEKY
Blood money. The blood of those who honestly loved your wife until their deaths, and the blood of those victims who were murdered by criminals and totalitarian rulers 12,000 miles away. You don't care, though. You actually REVEL in your so-called 'profits'. Jack-weed! What did YOU do to EARN this? NOTHING?
NO. You MARRIED this woman who gave you the gifts, and talked her into selling...
"Bitchez...I still pick up pennies"
The enemies are plotting. one day, when you are bent over picking up a NICKEL, they will be upon you.
"Wife's house just went into escrow this week."
You are a SUCK-ASS.
This is why a lot of schools don't keep score any more. Removing the impetus for violent football jihad.
God I need to get the F out of this country.
God I need to get the F off this planet - FIFY
Thanks, my ultimate dream is in fact to acquire a spaceship and bug the F out. This place is so fked.
If the situation had been reversed, Christians beating a Muslim, it would be a "Hate Crime" It would be a national news story if this hypothetical Christian player were to be white, and if Obama had a son, he would look like the hypothetical Muslim victim. This was obviously pre-meditated (they planned the attack before the play) it is hate crime and felony assault. The hankie head supporters better be careful, when you fire up the seminal energy, the male protector of "OUR" culture psychology, the payback is going to be a bitch.
It wlll eventually be time to go "Crusades" on their ass if our progressive elites do not start enforcing justice equally.
Aren't the "musloids" mostly Asian?
Chill out! I said WEATHER! Nothing about the muzzies!
Geesh, ya'll a little hypersensitive?
and your right, I meant Arcata not Arcadia my bad...
They have Muzzies in Arcata? Well, probably...
You said 'FOGGY'.
Oregon's nice if you enjoy getting raped by the 'gas station' code that states that people who own and drive personal conveyances aren't allowed to put gasoline in their own personal automobiles; but must allow some ass-monkey to do it for them UNDER DURESS ('big' word, look it up). Hell, this same ass-monkey won't check your oil or wash the bug crappings off your windshield, but you have to pay a 'surcharge' for this 'service' anyway.
"and your right, I meant Arcata not Arcadia my bad..."
A MINOR geographical mistake of about a thousand miles (give or take). News readers on the MSM make this same type of mistake all the time (confusing Idaho with Iowa, or Bejing with D.C., or the USSA with the United States).
RELAX. You will 'live it down' someday.
Perhaps you mean Arcata? Arcardia is warm and smoggy, just what someone from Beijing would want. They're going to regret their choice after the earthquake though.
"I go thru Arcadia all the time... They can keep it. Too frigg'in foggy and cold most of the time."
Arcadia is foggy and cold? Not. You must be confusing Arcadia with Arcata which is on the northern California coast not too far from the Oregon border?
Arcadia is in the San Gabriel Valley northeast of downtown LA. It's usually quite warm to hot there and often smoggy.
Arcadia, California is east of Pasadena. They have Santa Anita Park over there (the horse race track, as well as other stuff).
That place was lily-white in the 1970's. Upscale, but comfortable. My father and mother had friends that lived there.
I've never seen it foggy there (smoggy, yes, but FOGGY?).
They didn't have to legalize pot in Oregon. Everyone there does it anyway, and some of the best comes from there.
The San Gabriel Mountains (where the Mt. Wilson Observatory is) have just been declared a 'national monument'. This is just north of Arcadia (and Pasadena and Altadena). It is therefore subject to confiscation in repayment of loans made by the ChiComs. I'd say that there is some 'pre-positioning' going on right NOW.
http://wtfrly.com/2014/10/10/agenda-21-land-grab-obama-designates-san-ga...
In the 1970's, the Free Chinese lived and worked and assimilated into American life all over this area. Most were refugees who managed to make it out when the ChiComs started their purges. I know from personal experience that this is the case.
The ones there NOW, though, aren't the same types.
Exactly true.....unfortunately many people just cannot tell the difference. Many people think they are the same but the reality is they are the antithesis of the predesessors.
In the 1970's, the chinese who immigrated to California were mostly from Taiwan who were anti-communist & very conservative. They usually had advanced degrees & worked as engineers in the US....most Republican-like mindset & pro-democracy people who hated communism.
However, the ones from the mainland today are hardcore communists who became rich so fast they don't give a sh*t about US democracy & the constitution. They are of the worst types or perhaps the lowest types of humans you'll ever meet.
Read the comments on Youtube on videos about china-US relations & see for yourself the number of chinese cyberwarriors. Do you think they care about the US & democratic values? It'll scare you about the future of this country....
The massive increase in wealthy chinese is not due to some great capitalist entrepreneurial spirit that's somehow suddenly and magically found its way into the Chinese. It comes from Americans destroying their manufacturing capacity and selling out to communist china. The wealthy chinese are not genius entrepreneurs. They just happened to be well connected in that society at the time that America decided to shoot itself in the face. America decided to legislate itself into a position of being uncompetetive in the global goods production market, and so American businessmen decided to sell our technology and production to China, where the laws were less strict. The wealthy chinese didn't hatch some genius plan. Americans went to china and offered them all our best stuff, because they knew they could personally make out like bandits. The chinese businessmen are raking in millions and billions, and then taking that money and buying up American land as fast as they can because we still have relatively uncrowded areas, and a wealth of natural resources. We've also been stupid enough to become indebted to the chinese to the tune of trillions, so the chinese government is making a push for grabbing land. The chinese government knows that they control all chinese businesses and people, so as long as chinese businessmen are buying American real estate, it's no different then the chinese government buying real estate. The only real difference being the illusion of seperation, which prevents any kind of outrage from the American people.
What do you think the reaction would be if news reports started coming out saying that American debt owed to the Chinese government was being traded in for American land? There'd be a massive cry of public outrage, of course. People would demand it be stopped by any means necessary. Yet that is essentially what's happening here, and you hardly hear a peep. Why is that? It seems apparent to me that it's because it's wealthy businessmen, not the chinese government, that are doing the land grab. That, even though there's no practical difference when these people come from a communist nation.
We're being bought out because we're being sold out.
You're on the money there.
All those 'useless' dollars pilled up in Chinese banks are finding their way home, in increasing numbers. Its a great 'under the radar' way of turning fiat money into assets. Also as ATM the rest of the world takes dollars as well, why not buy there as well!
Oh and don't mention buying in 2000 tons of gold, for more dollars of course.
Here comes inflation.
It's all about the peacocks, fucking peacocks everywhere, they shit everywhere, what a mess.
50 years, bye bye and good riddens.
I go by Charlie Point all the time...
They are getting out before it all crashes in China and as it always happen in China the peasants go after the govt. and then the govt. is theirs and they go after everyone and anything that was wealthy. The Chineses know their history, why aren't we seeing the canary in the mine.
I hope these Chinese grifter-looters get taxed to f**king death in Calliefornia.
They think they lived in a police state in China. They will now a real police state in Moon Beam land. F em.
Just stay in Calliefornia.
bingo
messed up
Old news.
They did the exact same thing in Vancouver, BC, to get their "Residency" -- in case things got nasty back home.
Eventually, when you have too much cash, you need to park it into something more useful/practical, and/or something that will retain value. And, like PM, RE also does not have to be reported on the Tax Filings back home.
This is why many Americans invest in PM and RE abroad (and why Simon caters to them): NO IRS Declaration of Foreign PM or Foreign RE -- since neither will be "confiscated" by local LEAs and transferred to US LEAs. If the the Local LEAs find gold, they'll keep it, rather then send it to the IRS. If it's land, well, good luck in sending that (Simon's ranch) to the IRS. Americans do the exact same thing abroad -- or they used to. Many still buy expensive RE in places like Tel Aviv, and various exotic places. Especially if they are Dual Citizens.
Just wait until President Bull Dyke takes over for President Cum Stain. Trust me, they'll be going after your off shore real estate. Give it time.
Foreign held US bonds will ultimately be exchanged for US real estate. Except for maybe renting the US military, real estate is about all we have that they want. The history of the American Empire will be written in Chinese.
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do...
www.job-reports.com
Wonder what the auto-insurance rates are like in this town.
IMO, once China is finished with their implosion and violent revolution, they need to track and hunt these people down like war criminals, and to treat them accordingly.
Talking out my ass here as I don't know a single Chinese person but I'm guessing you don't get rich in China (or Russia) being honest and forthright. So, we have a huge influx of the successful criminal element. Seems like unfair competition for the black, mexi, white trash criminals.
So maybe we're due for a Chinese California Governor?
I'm guessing you don't get rich in China (or Russia) being honest and forthright.
As opposed to America where the wealthy and powerful are all honest and ethical people LOLOL
HA HA .....but please go back to your old picture PLEASE !!!!!!!!!!!
Hunter Biden takes exception to your insult.
IT's known as ArcASIA. A truly disgusting, fascist little municipality if there ever was one. Police absolutely SWARM and it is a common sight to see "young men of colour" laying face down on the mancured grass along Huntington Drive with APD guns pointed at them. Since Chinese rarely participate in local government, a cadre of Fat Old White Boys runs the place and rakes in legendary salaries for years on end. At least as corrupt at Vernon, if not worse.
TRaffic ? Absolutely horrific. NO ONE drives like an unlicensed Chinese woman in a black BMW. "No looking back and very little looking forward." You can only imagine the parking lot at Costco in Alhambra and they drive shopping carts inside the store they way they drive outside. And the "line up" at 2:30 pm at the local elementary schools to pick up the :little emperors" (and little empresses)? CHinese BMW Destruction Derby!
And the mansions? Horrific as well. Ostentatious piles with huge front doors and plaster lions (Feng Shui Shit) guarding the entrance. Obligatory curved driveway so ostentatious cars can be parked in front to "impress." ("You Are What You Drive " in L.A.)
Q: Where do Rich Arrogant Chinese hope to go when they die?
A: HEAVEN ? Hell NO! ArcASIA! (or Monterey Park).
That day will come, great point!
His name was Jelly Blown.
Giver em drivers liscences, motor voter baby!
Fastforward 60 years from now.....what will it be like?
Brazil
Bladerunner...20 years from now
The way Kalifornistanians feel about the "Rich Chinese" moving in is how the rest of us have felt about YOU moving in to our rural areas and turning them into fucking parking lots for the last thirty years.....
Austin, Texas is now called, "Little LA" ... and has all the congestion, crime, outrageous house prices and plastic surgerized over-the-hill Babes [60 year olds trying to look 20] walking the downtown streets with their Pomeranians in their arms.I had a meeting there back in 2010 and was stunned to wake up to the "news" ... a pollution alert, traffic congestion report and crime report of a series of assaults the night before off 6th street and/or South Congress.
Not much fun going there anymore.
Man, 6th street is straight filthy. Just a horribly experience, the last time I went there, a few months ago. Piss smelling alleys. One legged hobos begging for spare change. And nearly every building looks like a nightmare. I live 30min away from downtown Austin and you described pretty much exactly why I haven't been there in months.
if you look at chinese migration patterns and economic influence for the last coupla thousand years you will find a unique colonization strategy. the chinese enter a country as investors and traders first. as they accumulate money they start buying up local industry and real estate then they follow with people to populate an area and one day the local populace realizes they are not alone.
I thought that as well. Their not parking money, they are taking over. Plus how much debt of ours do they own again?
The majority of the population in Los Angeles is Latino. It would take massive immigration from China for the ethnic Chinese to ever displace the Latino majority in Los Angeles.
https://en.wikipedia.org/wiki/Demographics_of_Los_Angeles
I'm doing the math.
Let's see.
One point three BILLION Chinese, versus HOW MANY spics?
Don't forget the Koreans (both North AND South). The Japanese?
'LATINO'. WHAT A JOKE! They like to make it sound as if their fucking LATINS from ITALY or something.
The majority of the population in Los Angeles (the City Of) is ILLEGAL FUCKING MEXICAN ALIENS.
Welfare-sucking leech-maggot niggardly and worthless blacks come in second, I suppose.
Fuck-stained liberal B'nai-Brith 'democratic' 'white people' are a close third.
20 million ChiComs could come over to L.A. without even BEING MISSED back home. It's only .01538% of the TOTAL population. That's HARDLY 'massive' to them.
Down one for trying to cite statistics from Wikipedia (or anywhere) to try to 'prove' that what could happen COULDN'T HAPPEN (and using P.C. terminology to boot).
IT COULD NEVER HAPPEN HERE. (Sure, it couldn't. Just keep believing that story, Sylvia.)
i am glad you have the patience to take the time to explain simple math to these people. math is hard. lol! i won't explain that it only take 50-60 mil chinese and their money to dominate the usa. that is like quantum physics or counting to 100 for most people.
You are on the right track but you're just scratching the surface. They are all pawns too. Dig deeper. Do it while the history is still accessible.
Save a copy.
I just picked the next town I'm going to be doing home invasions. I just need to learn how to say "where's the cash and gold?" in Mandarin.
It's the same in Mandarin - "where's the cash and gold?"
Check the oyster sauce containers in the freezer.
The problem with robbing a Chinese home is you feel like robbing again only a short time later.
That's funny. Well played.
Rooky Rooky rir rear buy now!
How ris the dog popuration here?
Me so sorry for down arrow.
San Gabriel Valley (Alhambra, San Gabriel etc.) in general is popular with Chinese investors. Some apts are sold via Chinese-language newspapers.
In this world, shipmates, sin that pays its way can travel freely and without a passport; whereas Virtue, if a pauper, is stopped at all frontiers.
This is quite important topic. Immigrants and visitors from Asia buying up HUGE tracts of real estate in the US and with the quantity of immigrants, just talking legal here, there will be housing costs that native born Americans will no longer be able to afford. That is just how the Tribe that runs this nation wants it and here is an example:
Indians Join the Wave of Investors in Condos and Homes in the U.S.
NOBODY in government cares about the American White people.
Just be glad that these savvy Asian "entrepreneurs" who move to the USA will have to declare all their personal financial holdings, and pay tax on their worldwide income, just like US citizens do.
/s
Velly interesting--Arcadia, California---Home to Santa Anita Racetrack. Having spent some time in Hong Kong and Macau, and the Chinease love for gambling. Not all that suprizing' and only 10 miles or so from staid Pasadena' home of the Rose Parade and the Rose Bowl. And just to make really cozy for these folks, just at the end of the Pasadens Freeway and -shucks you guessed---L.A.s China Town.
Sound like they'll have to expand the borders soon. Milestones
Born and raised in Arcadia...class of 1993...needless to say I do not live there anymore, nor does any of my family.
Back when I was in grade school they (Asians) really started coming. At first it was really cool when my class would get a new student from China, or Taiwan. My class was nearly 100% white American so someone who was different was really cool...
But, we soon realized that alot of these kids were not really interested or maybe allowed to mix with us, so it created a weird dynamic.
Over the decades it continued. This seems like kinda an old story.
Arcadia is a really beautiful place...great view of the San Gabriel mountains.
Yeah, our federal government also allows them to become US citizens and them gives them preferencial treatment in obtaining contracts since they are "minoroties", although Asians make up most people on earth. Chinese see us as "barbarians". Fuck them!
here's a possible play... become a chinese chess hustler. learn the game of chinese chess (not chinese checkers), then look around arcadia for chinese dudes playing out in the sunshine. then mosey up and appear to be naive, and offer to play for money. they'll most likely not expect an 'occidental' to be any good at 'xiang qi'.
And when shit finally hits the fan they can do laundry and build railroads :)
Fucking awesome God I love this country!!!!!!!!!!!
Definite up arrow. No Charlie Chan impersonation.
Well put interms of the service economy and future necessties. More than insightful.
After the debt jubilee and the mass hangings of criminal bankers, all this funny money real estate fraud can be invalidated and repudiated, especially the goddamn foreign carpetbaggers.
People need to wake the fuck up !!!!!
This is happening in Australia also, creating a false bottom in the real estate markets forcing first home buyers into a lifetime of rent.
Problem is most of the Australian politicians are heavily into investment properties so they are just once again exploiting their positions and making the rest suffer.
Its going to get worse too, because we are going to start seeing corporate farming soon, thats going to ruin this country when the mining sector becomes unviable due to inflation/tariffs and what not.
The older generation doesnt really care because they GOT everything, but the younger generation here has started to wake up.
Too late for them Amar, the Chinese are already putting up coal tariffs, Australia is easier to take over when its an economic cripple
This is WAR.....when i tell my neighbors this, they dont seem to understand......they want some criminal to give them a million dollars for their house
Arcadia sucks bigtime. I worked (oh how I hate that word) there for 3 F'n years. It's too hot. It's too smoggy. You can't jog. Your eyes water. I guess that's why the bum Fs buy there. They are too poisoned from the waste dump of China to notice any difference.
Smoggy would be that entire area where the mountain blocks it.
Compared to NJ and NYC that area is nice, other than the fact that mostly everyone in Cali drives worst and slower than a NY' a-hole.
No no this isn't happening. You're imagining it. Anyone thinking it does is a racist. All those Chinese people inspecting houses and buying them are in your mind. Your neighborhood now empty because the new owners don't live there is also in your imagination. Oh yeah, did I forget you tell you you're racist?
That's what they say in Australia and New Zealand anyway.
Oh shit yeah, forgot to say, this also isn't happening because there are laws against this happening, they're never enforced and stats are never kept, but you should believe that is your protection that you're not being sold out and yeah, btw you're still racist for thinking about it.
Thx your loving real estate agent, banker and msm twerp trying to keep property prices high in Australia, NZ and Canada.
Can anybody think of any other time and place when large numbers of people who become fabulously wealthy in a booming, expansive economy make every effort to bail out and move elsewhere at the first opportunity?
It would be as if the Rockefellers, Carnegies and Mellons made their riches and then immediately packed up and moved to France or England. But, in fact, they stayed here in America, believed in this nation and plowed their money back into new investments.
When consummate insiders like these guys can think of little beyond escaping with their riches it's a clue that the whole structure of China must be rotten to the core or just a big illusion built on cheap labor and momentum that will come crashing down at any time.
or it could be some of them might have end up behind bars if they didn't leave China, as the article noted.
did you read the article?
and don't forget China has 1.3 bil people, this 'huge' Chinese emgiration is quite small as a fraction of their total population, what looks like a big number to you is a small number to them.
Or it could be that this is essentially the Chinese government expanding into US territory. If the businessmen were selling all their chinese holdings to buy American, you might be right, but they're not. They're simply taking a portion of their excess cash and buying up American land.
It seems pretty stupid, throwing good money after bad on the precipice of another implosion. They are not as smart as I thought they were. Stick to fucking hard assets, dumbfucks. Under-sized land with a depreciating structure doesn't count.
They are dumping usa dollars, because they can't buy something with them soon
OK then, correction, bad money after bad. Why not just fucking buy GOOD money?
No matter whatever they're holding, it's getting changed into and used as US Dollars because that's what they need to pay for their "American McDream". Right now the better off are scrambling to get to the US, the worse off are abroad, "taking one for the team" while they try to set up shop in Russia.
And twice a month we hear, from this very site, how rich people in America are renouncing their citizenship because of taxes. They come, they go. We remain.
The Stampeders - Sweet City Woman
http://www.youtube.com/watch?v=0IRjl3SWC2U (3:18)
Arcadia: Wong side of the tracks.
Explains the high car insurance rates and explosion of fender benders. Bang Dai Ho can't drive. But crime is low.
If you got rid of income taxes and taxed real estate at 3% a year, the Chinese would pay their fair share.
Often, the first indication that a megahouse is coming next door is when the lawn turns brown. That means the neighbor has stopped watering and green construction netting is about to go up.
- They have water in California?
Part of the reason you're seeing this is that Canada just shut down a similar program, as the anticipated benefits didn't outweigh the costs. Took them long enough to figure that out, considering the trend's been in place since the 97 return of Hong Kong.
One thing rarely mentioned is the impact on ordinary Chinese immigrants - those middle class families that arrive via the regular channels and have to face the same high costs as the rest of us. These people aren't looking for a place to stash ill-gotten loot - they simply want to become Canadian because it's a better life for them and their children.
I know quite a few in that category, and AFAIC, they're far more welcome than the rabble arriving from Africa and the Middle East.
As for insular enclaves, I'd advise Americans not to worry too much. The parents may be Chinese, but their children assimilate with only minor problems...
http://www.youtube.com/watch?v=z-ReMtb8KOc
The "established" Chinese that I know in New Zealand (those whose families have been here for fifty+ years) uniformly tell me that the Chinese new arrivals, particularly from the mainland, "are scum".
Whether the above opinion is fact-based, or just envy, I don't know.
Fifty years ago, you had to work hard and be a value addition to be accepted into a first world foreign country, anywhere.
New Zealand is small, so things tend to stand out more. We have high rollers here too, but the great majority are hard working, family oriented people. I know, I've lived and worked with them for years. Being an immigrant myself, I have a lot of sympathy as they are doing exactly what my family did in the 60's, i.e. leaving a bad situation (Britian) in search of a better life.
I live nearby and there's another city called San Marino which we lovingly refer to as Chan Marino....
I live nearby and there's another city called San Marino which we lovingly refer to as Chan Marino....
If the Chinese want to dump a billion dollars into Arcadia then bless them, and thousands of illegal Hispanic construction workers (pretty much 90% of all local construction workers are illegals but also including Koreans for painting and Russians for wiring) thank them, too.
Arcadia and adjacent represent the biggest cluster of oriental communities in Los Angeles, the second largest is down in Irvine and is a marginally nicer area, and maybe we should be glad they're dumping their funds there and not bidding up the nicer areas even higher.
Actually, it would seem a nice way to get China to fund some urban renewal, I could list half a dozen geographically nice areas around town that could use some gentrification.
If I was a rich MOFO Chinese, I would be afraid. When SHTF, as a tiny minority, they will be hunted down and killed as the masses look for ways to vent their rage, while the American elite will simply encourage them to do so.
Internationally, China has no allies except Pakistan and North Korea (?).
Chinese are not very good building allies or forming close ties with non-Chinese communities. As a result, Chinese commercial areas have recently been attacked in Italy, Spain, and Argentina as resentment builds among the locals because of the influx of immigrants and Chinese capital.
Resentment against Chinese is also building in African countries - China's main investment destination.
In a Los Angeles riot, the Korean commercial community was allowed to burn and be looted by blacks and Mexicans after a black shoplifter was shot by a Korean store owner.
Corrupt Chinese, who flee China with their illegal wealth, will find that security may not be as expected if the US has a serious economic crisis or if there is war with China.
Three Mile Island sold to Fukushima as retirement home .
Beats Chernobyl by a narrow margin .
Some prime properties still available in Area 51 and Bermuda Triangle .
Location ! Location ! Location !
Connect the dots. 3rd largest commercial RE developer in CA is? Their HQ is where? Orange County grows what? Apple Valley grows what?
Pull the plug already. Or not, just let your children all die from your cancer, as you are gangraped to death by the attendants in your senoir care facilities, who are of a hostile race fond of rape and 3 on 1 or better knife fights. Except when they are drunk. Then they just get wasted.
Fools
I meant senor care. Sorry if I offended any short, stupid, cocksucking gangbanging criminals out there. Or their short, stupid, cocksucking gangbanging racist bar association capos. Or their short, stupid, cocksucking gangbanging hostile judges.
Don't forget City of Indusry and Anaheim.
Wherever "Epoch Times" is being distributed.
They're already Racketeering. They're not here to be friendly.
So, watch your Six.
what a desperation, what a disconnect.
Hungary offers to the Chinese the citizenship for an Euro 200.000 investment.
Hungary is economically in a bad shape.
When rich foreigners are buying up the real estate, it is a sign that the plunge is about to begin. Remember the Japanese in the late Eighties? They were buying Rockeffeller Square and all the big penthouses in NYC. They all lost a fortune. They don't have hindsight working for them. Unfortunately, Americans have only a 19 year memory. You can swindle them every 10 years and they won't remember. Kinda like Alzheimher's.
I live I SoCal there's a real Asian /Latino rift opening, ethnic cleansing of Asians by Latino gangs began a couple of years ago with at least 4 Latino killings of Asians noticed this year.
There's no love lost betwee the hard working saving professional Asians and the Latino parasite welfare gangsters, in fact there's deep resentment, the Latinos just got rid of the Blacks not for the benefit of hardworking and saving professiinal Asian honor students.
There's also big political differences, the Latinos want to raise property taxes for "services" for Latinos, the Asian property owners not so much.
Latinos want job and education quotas, the Asians want merit based entrance and hiring.
Meanwhile the Jews play the ethnic rift.
LOL, moving from one communist country to another.
Don't they know about California?