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The wealthy are spending their extra cash on Rolexes as rare downturn grips property sector.

Wealthy individuals have stopped buying additional homes and are instead spending their extra cash on luxury timepieces such as Rolex and Patek Philippe.

Sales of high-end timepieces are booming as the economy cools

Updated 5 hours ago NBC Universal, Inc. Just about any time of day, the smell of fresh baked pork buns and lemon custard tarts will summon a following to ICafe in San Francisco's Chinatown, where patrons will find owner Hanna Zhang bustling behind the counter or toiling in the kitchen baking traditional goods of her native China.  Anyone watching Zhang for just a few minutes as she scurries back and forth sliding trays of Chinese comfort foods into the display case, and greeting customers over the counter would would walk away impressed she's a very hard worker.  But they'd only have half t...

TOP Restaurants Top S.F. Chinatown Restaurants Chinatown's many culinary institutions, both old school and new wave, make it a brilliant place to eat. By Soleil Ho |  Updated: Dec. 16, 2020 9:14 AM In San Francisco, there are, ostensibly, two Chinatowns in one. In this neighborhood, tourists flock to trinket shops and chop suey houses, snapping photos of erhu players performing on street corners. Meanwhile, generations of residents have tirelessly worked to turn it into a true cultural and commercial hub for the Chinese community. Established in the 1850s, the neighborhood has surv...