Globalization. It’s still the reason for much animosity towards the world’s eight ‘major industrialized democracies,’ also known as the G-8. And while the U.S. has historically been one of the most criticized nations it is increasingly finding itself on the receiving end, as a great place to make fast and easy money.
The rules are changing as the US begins to Nationalize failing businesses and China Privatizes state-owned organizations.
China’s Newest Import to the US: Landlords
US Citizens face a slew of regulations and restrictions when it comes to purchasing property in China – good real estate in China is expensive and the value of the US dollar is relatively low. On the contrary, it is substantially easier for foreigners to purchase property in the United States. In fact, New York City and Washington D.C. topped the list of the best cities for real estate investment published in 2008 by the Association of Foreign Investors in Real Estate (AFIRE).
