Lately, the US media seems to be obsessed with Asian people spending money:
- Slate ran a story about Chinese antiques going for ridiculous prices at auction due to high demand from Chinese nouveaux riches.
- The San Jose Mercury News did a feature on the investment visa that will get you and your family permanent residency in the US in exchange for a $1 million investment (half of that if you invest in an economically struggling area).
- Reuters reported on the acquisition of the entire town of Buford, Wyoming by an anonymous Vietnamese buyer.
Chinese and Vietnamese are not the only newly conspicuous spenders in the US; Brazilians have been buying up comparatively cheap properties in New York and Miami.