The Chinese are buying real estate - come to Delaware!

On my way home tonight, I was listening to satellite radio and I think I was on CNBC. They were talking about a group of Millionaires from China that were coming to the US to look at real estate. They're already in California and headed to Las Vegas and then further east.

One group is looking at foreclosures, the reporter said, and another group is interested in finding homes near good schools. They referred to Chinese parents with "one child" that has hopes to go to Harvard or other top schools. If any of them are reading this blog, I hope you are coming to Delaware. Investment properties and second homes at the Delaware beaches are selling at prices not seen since the early 2000s, but they are selling and always will. Vacation homes in Delaware are located within a few hours of the largest population centers in the country - New York, Philadelphia, Baltimore, Washington, DC, to name a few and we have excellent school like the University of Delaware.

On the beach in Lewes, Delaware. That's New Jersey in the distance.