As China puts the brakes on overseas investment, Los Angeles’ development boom takes a hit, according to the Los Angeles Times. #dtla #realestate
REAL ESTATE NEWS
China and its government-owned companies have decided to reduce investment in United States real estate. This is having a big effect on Los Angeles new construction condominium home prices and availability. In fact, Chinese real estate investment in America have peaked in 2014, and is down substantially from 2017.
That’s ok because Time says that Ellen Degeneres has been making up for it pretty much all by herself, buying and flipping $145 million in properties.
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