There's no place like the US to invest in a property, from the perspective of global investment. One of the key reasos behind the $153 billion international real estate purchases in the US is the skyrocketing real estate prices in its neighbor, Canada, where the influx of buyers push local price up, prompting Canadian buyers to look into the south because the US real estate seems a bargin for them. Besides Canada, China is the top country of origin for interantional buyers (37%). And many of them prefer California. The key reason is location, location and location. California is closer to China geographically, and there're plenty of job opportunities. "Cultural similarities" is also a big consideration for them. And Chinese like to buy for children who study in the US. Read more here.