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Foreign Purchases of U.S. Homes Rise Strongly

Started by jason10006
almost 14 years ago
Posts: 5257
Member since: Jan 2009
Discussion about
http://online.wsj.com/article/SB10001424052702303901504577460550067846454.html?mod=WSJ_hps_LEFTTopStories
Response by Riversider
almost 14 years ago
Posts: 13573
Member since: Apr 2009

Well, Canadians like warm weather and florida has cheapened. Other than that, we are the real estate version of safe money market account. Chinese and russians will always want the safe ny condo even if it means giving up 20% in their home market. It's about what could go wrong over there(10% down in ny means nothing)

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Response by somewhereelse
almost 14 years ago
Posts: 7435
Member since: Oct 2009

Wouldn't the percentage be up just because Americans are buying fewer?

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Response by caonima
almost 14 years ago
Posts: 815
Member since: Apr 2010

money laundry

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Response by Ottawanyc
almost 14 years ago
Posts: 842
Member since: Aug 2011

Same in Canadia: http://www.theglobeandmail.com/news/national/foreign-investment-cuts-both-ways-in-toronto-condo-market/article4246468/

Think it is just that people no longer trust putting their money in the markets (and useful to launder).

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Response by somewhereelse
almost 14 years ago
Posts: 7435
Member since: Oct 2009

Or just that Americans are buying even less.

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