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Middle-class Chinese people are buying property in the US as a 'safe harbor' for their money

Middle-class Chinese people are buying property in the US as a 'safe harbor' for their money
Scott Olson/Getty



Chinese people represent the largest share of foreign buyers in the United States real estate market.




They tend to invest in foreign real estate as a way to safeguard their money and educate their children abroad, according to a CNBC report.




California is the top destination for Chinese buyers, with a specific interest in San Francisco.



Chinese buyers aren't shying away from the US real estate market in light of President Trump's trade war.
"The Chinese are basically politically agnostic," San Francisco-based real estate agent Michi Olson told CNBC's Diana Olick. "What I mean by that is even though there is a great tension between [the] US government and Chinese, the Chinese citizen seems to be able to separate the political turmoil with the sound real estate investment."
Wealthy Chinese people have long been drawn to the US real estate market, and now is as good a time as any to throw a hat in the ring.
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