REAL: A Path to Passion, Purpose, and Profits in Real Estate by Crumby Dave & Rosales Lani & Streicher Martin

Author:Crumby, Dave & Rosales, Lani & Streicher, Martin [Crumby, Dave]
Language: eng
Format: epub
Published: 2013-11-10T22:00:00+00:00

The astounding potential of this economic reality still has not fully sunk in for most observers and policy makers. China is now the second largest economy on earth. That growth will continue at a robust pace.

As a region, Asia is a more substantial than at any other time in the history of civilization. Yet to many in the West, it remains a mystery. Some view China, for instance, with fear. Others view it as an immense opportunity to create wealth, prosperity, and bring people closer together.

The rise of a massive and growing middle class in China is an entirely new phenomena. We’ve seen the early impact. Armed with savings and disposable income, an increasing number of Chinese have entered the North American real estate market. Some families are looking for a safe-haven for their life savings, others seek a place to retire. As prosperity spreads and China’s economy grows, another 600 million people are striving to reach middle class status.

While this undoubtedly creates challenges for Chinese policy makers, it represents a tremendous opportunity for those of us in the real estate industry in North America’s West Coast. British Columbia, Washington, Oregon, and California are highly favored destinations for Chinese investors. The communities are livable, safe, accommodating, and welcoming. The weather is temperate— winters are neither too cold nor too hot. Relative to world markets, these locations offer tremendous value. And of course, the geography is among the most spectacular on the planet.

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