Who are buying houses in the US ?

A friend of mine in H.K. alerted me today to a trend in the real estate investment strategy of individuals from China. Chinese investors are buying up houses in the stressed American market.China is concerned because it wants its investments at home at the moment. But it also likes the idea of a strong Chinese investment in the U.S.
And as Chinese companies face restrictions on investment in the U.S. the idea of many individual Chinese investing in the U.S. is somewhat of a bonus. And Chinese banks are funding some of these purchases. Join the dots folks.