Wealthy Chinese snapping up US commercial property

For those of you hiding under a rock the past few years, wealthy Chinese investors have been ramping up their purchases of US real estate, reported the Wall Street Journal on Tuesday.

After a five-year spending spree, the Chinese have knocked the Canadians from first place to become the top foreign buyers of US houses and apartments for the 12 months to March, according to the National Association of Realtors. Continue reading