The Atlantic: Why Chinese People Buy So Many Homes in Palo Alto

The Atlantic: Why Chinese People Buy So Many Homes in Palo Alto

The Atlantic November 7, 2013

Palo Alto real estate is being driven by Chinese buyers, who are attached to the city’s strong education, investment and immigration possibilities, and its location in the center of the tech industry of the Silicon Valley. The influx of Chinese buyers, who typically pay with all cash transactions, is driving the median home prices in Palo Alto up nearly 17 percent in the past year. 

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