Dionne Searcey and Keith Bradsher, The Great Sprawl; The Chinese buyers, flush with cash and seeking a better life, are snapping up residential real estate from the streets of Manhattan to prairies of Texas. New York Times, Nov 29, 2015
("On average, buyers from China, including the mainland, Taiwan and Hong Kong, pay $831,800 for a home, more than three times as much as Americans spend, according to a National Association of Realtors survey")
Excerpt in the windows of print:
About 69 percent of home purchases by Chinese buyers are made entirely in cash.
Seeking good school, safe investments and less risk of arbitrary confiscation.