A special Chinese tour group is heading to the United States later this month to go bargain hunting for houses at foreclosure prices.
More than 40 affluent house hunters from across China will begin a trip to Boston, New York, San Francisco and Los Angeles on Feb. 24 in search of cheap homes to buy. Their goal: to find investment property and housing their children could use when they go to the USA to study or work. Their budget: $300,000 to $800,000 apiece.
Source: USA Today