Not only that, they also have a lot of highly educated people that are holding good paying jobs here in the States. Somethings we need to do for our next generation - improve our educational system which used to be #1 in the world.
I know, because I am Chinese and i have quite a few Chinese clients.
I have worked with dozens of them, in the high-end market. I run into buyers who are looking for $3m to $5m estates, and they tell me the real estate is a steal here compared to China.
Naturally, these are upper-class Chinese, but they see a lot of opportunity here not only for themselves, but also for their family.
China is a beautiful country, and the Chinese Culture is extraordinarily rich in history and splendor, but many wish to leave China's, currently, restrictive government in search of a less restrictive capitalistic society.
I think it's great that they're finding what they're looking for here, and they're adding quite a bit to our society.
So, yes, they are most certainly coming. On the other hand, there are a plethora of Americans who are also heading to China! The cultures, as far apart as they may seem on the surface, share many commonalities.
I don't see this trend ending anytime soon, especially with the explosive economic growth China is experiencing now. Naturally, there within this decade, I predict they'll suffer a rather large decline in growth, as is par for a fast moving economy.
But, for the time being, there are many buyers from China that are actively looking here in the Bay Area in the upper-end and mid-range market. The only problem, that I've run into, is finding them a home that's luxurious enough for their tastes.
Finding a home in the Oakland or Berkeley Hills that's 7,000 sqft., has views, is oriented properly toward the bay, etc., and has not been lived in by another individual, is not as easy as it sounds.
California Real Estate Broker
They have their own issues to deal with however, such as the stock market drop and declining real estate prices at home. Their government has also tightened credit. As our rates have been going down, their have been going up.
India will have even more wealth: