The city, population 57,600, projects that about 150 older homes—53 percent more than normal—will be torn down this year and replaced with mansions. The deals happen fast and are rarely listed publicly. Often, the first indication that a megahouse is coming next door is when the lawn turns brown. That means the neighbor has stopped watering and green construction netting is about to go up.
Arcadia is a concentrated version of what’s happening across the U.S. The Hurun Report, a magazine in Shanghai about China’s wealthy elite, estimates that almost two-thirds of the country’s millionaires have already emigrated or plan to do so.
– From the Bloomberg article: Why Are Chinese Millionaires Buying Mansions in an L.A. Suburb?
The surge in foreigners buying up U.S. real estate has been well documented in recent years. Of all this buying, no nation has demonstrated a bigger increase in purchases than China. In fact, it is estimated that 24% of all foreign purchases of domestic real estate this year have come from China, up 72% from last year. In my post from July, Chinese Purchases of U.S. Real Estate hit $22 Billion as The Bank of China Facilitates Money Laundering, I noted that:
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G
Follow me on Twitter.
Don’t just take things, that’s what the criminals and the government do…
In July, I published a post titled, 
While oligarchs and corrupt politicians continue to loot the world with impunity, low income workers and the middle class continue to be pushed into a life of misery and serfdom under a neo-feudal plutocracy. The latest example has manifested itself under ridiculous noncompete clauses that low wage workers are being forced to sign at Jimmy John’s.
There is no greater signpost of the decay in America’s cultural, economic and spiritual life than Washington D.C.’s ascendancy into the most expensive spot to live in within these United States.