How China's woes could boost U.S. real estate
Shanshan Wu already owns three houses back home in China. But the 36-year-old has spent the last two months in Chicago shopping for a three-bedroom. She's got cash to spend -- up to $400,000.
And she's not done.
"The real estate market in China is dropping and I'm planning to sell one of them to maybe buy more houses in the U.S.," said Wu, whose hometown of Yunfu is in the province of Guangdong in southeast China.
Chinese have been snapping up U.S. real estate of all kinds, looking for a safer place to put their money than their own sl