Why Are Chinese Millionaires Buying Mansions in an L.A. Suburb?
Chinese money transforms a California suburb
By
“Oh, hey! How ya’ doin’?” Raleigh Ornelas hollers, leaning out the window of his spotless white pickup truck. He’s recognized the man across the street, a developer standing in front of a Tuscan-style mansion under construction. “Where have you been hiding at? I call you, you don’t call me.”
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
Read this article on the Terminal Request a demo to learn more
If you believe that you may have received this message in error please let us know.
You might like:
- Bitcoin Dips Below $14,000 as South Korea Eyes Fresh Regulations
- Crypto-Linked Stocks Sink With Bitcoin on South Korean Warning
- Bitcoin Resumes Slide After Biggest Rally in Two Weeks
- Apple Apologizes for iPhone Speed Cuts to Prevent Crashing
- No, Trump’s Tax Windfall Won’t All Be Blown on S&P 500 Buybacks