Chinese Purchases of U.S. Real Estate Jump 72% as The Bank of China Facilitates Money Laundering

Tuesday, July 15, 2014
By Paul Martin

SilverDoctors.com
July 15, 2014

American citizens already have a hard enough time affording a home. Squeezed out by financial oligarchs buying tens of thousands of properties for rental income, and faced with real wages that haven’t budged since the mid-1970s, the demographic of U.S. citizens that historically dominated the new home market has been forced to live in their parents’ basements.
Just to kick em’ when they’re down, Americans now face the impossible task of competing with laundered Chinese money.
Now just imagine what will happen to the U.S. real estate market in these areas when Chinese authorities decide to turn off the spigot…

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