Rich flock to US for homes

Yin Guohua, a 40-something Beijing-based lawyer, will leave for Los Angeles on March 24. But this time, he goes to the US not for business but for an apartment.

"I plan to buy an apartment in Los Angeles or New York, with the total price hovering around $1 million," Yin said.

Besides Yin, another 39 Chinese are going to Los Angeles for the same purpose, making it China's first property buyer's trip to the US.