It's Official, The Foreign Buyers are BACK! We are ALLL SAVED!
Started by The_President
almost 17 years ago
Posts: 2412
Member since: Jun 2009
Discussion about
See, I told you the foreign buyers would return: Afghanistan Buys $4.2 M. Trump Condo (with 'Peacefulness and Views') The Permanent Mission of Afghanistan to the United Nations has a lovely new apartment. According to two deeds filed Friday, the group spent $4,235,000 on a 2,840-square-foot apartment at Trump World Tower, plus a $5.4 million commercial space at 633 Third Avenue. H.E. Zahir Tanin,... [more]
See, I told you the foreign buyers would return:
Afghanistan Buys $4.2 M. Trump Condo (with 'Peacefulness and Views')
The Permanent Mission of Afghanistan to the United Nations has a lovely new apartment. According to two deeds filed Friday, the group spent $4,235,000 on a 2,840-square-foot apartment at Trump World Tower, plus a $5.4 million commercial space at 633 Third Avenue.
H.E. Zahir Tanin, whose title is Ambassador Extraordinary and Plenipotentiary, Permanent Representative of the Islamic Republic of Afghanistan to the United Nations, is listed in the deeds. "We did purchase a residence for the ambassador," his assistant said. She said the office space is "going to be used both for the Consulate and the Permanent Mission to the United Nations. We are two separate things, but they're both part of the government of Afghanistan, and it was the government of Afghanistan that's making these purchases."
http://www.observer.com/2009/real-estate/afghanistan-mission-un-buys-42-m-trump-condo-peacefulness-and-views
What a great apt. I am sure that all of the Afghanis starving to death and having their heads cut off by the Taliban will be thrilled by the news!
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Response by The_President
almost 17 years ago
Posts: 2412
Member since: Jun 2009
and in a realted story, the house directly next door to Obama's Chicago house is for sale. Hurry up and put a bid in before Goldman Sachs buys it and fills it with lobbyists.
The reeling housing market has come to this: To shore it up, two Senators are preparing to introduce a bipartisan bill Thursday that would give residence visas to foreigners who spend at least $500,000 to buy houses in the U.S.
The provision is part of a larger package of immigration measures, co-authored by Sens. Charles Schumer (D., N.Y.) and Mike Lee (R., Utah), designed to spur more foreign investment in the U.S.
Foreigners have accounted for a growing share of home purchases in South Florida, Southern California, Arizona and other hard-hit markets. Chinese and Canadian buyers, among others, are taking advantage not only of big declines in U.S. home prices and reduced competition from Americans but also of favorable foreign exchange rates.
WSJ's Nick Timiraos details a proposed plan in which foreigners who spend $500,000 in cash on U.S. real estate would be given visas. Photo by Scott Olson/Getty Images
To fuel this demand, the proposed measure would offer visas to any foreigner making a cash investment of at least $500,000 on residential real-estate—a single-family house, condo or townhouse. Applicants can spend the entire amount on one house or spend as little as $250,000 on a residence and invest the rest in other residential real estate, which can be rented out.
Journal Community
The measure would complement existing visa programs that allow foreigners to enter the U.S. if they invest in new businesses that create jobs. Backers believe the initiative would help soak up an excess supply of inventory when many would-be American home buyers are holding back because they're concerned about their jobs or because they would have to take a big loss to sell their current house.
"This is a way to create more demand without costing the federal government a nickel," Sen. Schumer said in an interview.
International buyers accounted for around $82 billion in U.S. residential real-estate sales for the year ending in March, up from $66 billion during the previous year period, according to data from the National Association of Realtors. Foreign buyers accounted for at least 5.5% of all home sales in Miami and 4.3% of Phoenix home sales during the month of July, according to MDA DataQuick.
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Response by stevejhx
almost 15 years ago
Posts: 12656
Member since: Feb 2008
It took the entire country of Afghanistan to buy ONE Manhattan apartment?
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Response by marco_m
almost 15 years ago
Posts: 2481
Member since: Dec 2008
exploitation at its finest.
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Response by ab_11218
almost 15 years ago
Posts: 2017
Member since: May 2009
i can be legal if i have $100K to put down on a $500K real estate.
and in a realted story, the house directly next door to Obama's Chicago house is for sale. Hurry up and put a bid in before Goldman Sachs buys it and fills it with lobbyists.
http://www.huffingtonpost.com/2009/09/11/home-of-the-obamas-chicag_n_283396.html
and a hong kong corp. just ponied up for two units at 10 west. all is well.
Chuck Schumer heard the call
ttp://online.wsj.com/article/SB10001424052970203752604576641421449460968.html?mod=googlenews_wsj
The reeling housing market has come to this: To shore it up, two Senators are preparing to introduce a bipartisan bill Thursday that would give residence visas to foreigners who spend at least $500,000 to buy houses in the U.S.
The provision is part of a larger package of immigration measures, co-authored by Sens. Charles Schumer (D., N.Y.) and Mike Lee (R., Utah), designed to spur more foreign investment in the U.S.
Foreigners have accounted for a growing share of home purchases in South Florida, Southern California, Arizona and other hard-hit markets. Chinese and Canadian buyers, among others, are taking advantage not only of big declines in U.S. home prices and reduced competition from Americans but also of favorable foreign exchange rates.
WSJ's Nick Timiraos details a proposed plan in which foreigners who spend $500,000 in cash on U.S. real estate would be given visas. Photo by Scott Olson/Getty Images
To fuel this demand, the proposed measure would offer visas to any foreigner making a cash investment of at least $500,000 on residential real-estate—a single-family house, condo or townhouse. Applicants can spend the entire amount on one house or spend as little as $250,000 on a residence and invest the rest in other residential real estate, which can be rented out.
Journal Community
The measure would complement existing visa programs that allow foreigners to enter the U.S. if they invest in new businesses that create jobs. Backers believe the initiative would help soak up an excess supply of inventory when many would-be American home buyers are holding back because they're concerned about their jobs or because they would have to take a big loss to sell their current house.
"This is a way to create more demand without costing the federal government a nickel," Sen. Schumer said in an interview.
International buyers accounted for around $82 billion in U.S. residential real-estate sales for the year ending in March, up from $66 billion during the previous year period, according to data from the National Association of Realtors. Foreign buyers accounted for at least 5.5% of all home sales in Miami and 4.3% of Phoenix home sales during the month of July, according to MDA DataQuick.
It took the entire country of Afghanistan to buy ONE Manhattan apartment?
exploitation at its finest.
i can be legal if i have $100K to put down on a $500K real estate.
America, What a Country !!!!!!!