USC Student is Truly Putting On the Ritz
This is not the first media mention of an upside-down lifestyle led by a wealthy foreign student attending USC. Nor will it be the last.
In today’s fascinating Wall Street Journal article “Courting the Chinese Buyer,” the paper’s bi-coastal real estate and luxury reporter Lauren A. E. Schuker shares this jaw-dropping tidbit:
Di Meng, a native of Changchun who lives in Beijing, is currently attending the University of Southern California… Not keen to rent student housing, he recently paid around $800,000 for a Ritz-Carlton condo in downtown Los Angeles.
According to Schuker, half of all recent AEG Ritz-Carlton condo sales have been transacted with Asian buyers, including Singapore real estate investor Steven Loh, who bought a half-dozen units for $1 million apiece.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in