The Chinese aren't coming. The Chinese are already here. "Brokers and analysts say 20 to 40 percent of $1 million-plus homes sold on the Eastside — a collective term for eastern suburbs of Seattle — were purchased by Chinese buyers." No wonder the median sales price in Bellevue is up 82% since 2011. Update: Seattle Bubble pumps the brakes on this as a full-fledged "trend." [NYT, image by Matthew Rutledge]
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