The 1st house-purchasing group from Beijing will travel to San Francisco, Los Angeles and Las Vegas for a 10-day tour next month to buy homes at a low price in the US, the Legal Evening News said.

据《法制晚报》报道，北京首个赴美抄底购房团下月将前往美国旧金山、洛杉矶和拉斯维加斯，进行为期10天的参观购房。

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The Phelon family tore down and rebuilt the main house after purchasing it.

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Buyers who don't want to tie up that cash forever might consider purchasing the house with cash and then taking out a mortgage later.

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The second rationale is that purchasing a house remains surprisingly affordable.

ECONOMIST: House prices