Chinese Millionaires Are Snapping Up LA Real Estate

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Investors from China bought $22 billion worth of homes in the United States last year and Arcadia, in the San Gabriel Valley, is a microcosm of what’s happening around the country.

Karen Weise reports on real estate for Bloomberg Businessweek. Ping Chen is from mainland China. Since the year 2000, she’s been a realtor in Alhambra.

Credits

Guests:
Karen Weise - Bloomberg Businessweek - @KYWeise, Ping Chen - realtor

Host:
Warren Olney