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Bubzer

(4,211 posts)
Mon Apr 11, 2016, 10:38 AM Apr 2016

Foreign Real Estate Purchases Reach Record High

Have you noticed a sharp increase in rent and real estate over the last few years?
Turns out, one of the biggest reasons is foreign investment... especially from China.

The short explanation goes somthing like this: The chinese middle-class has realized buying real estate in china is an unstable investment. The solution? Buy up realestate in the US.

While the logic is sound, it makes realestate almost impossible for natives... particularly in places like washington, California and Oregon. Expect home ownership by native US people to plummet.

Might be a good idea to express frsutrations to governors and other political entities.

http://www.fortunebuilders.com/foreign-real-estate-purchases-reach-record-high-38016/

3 replies = new reply since forum marked as read
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Foreign Real Estate Purchases Reach Record High (Original Post) Bubzer Apr 2016 OP
3 weeks ago my house safeinOhio Apr 2016 #1
*nod* The new expectation being set is people interested buying buying a house... Bubzer Apr 2016 #2
Bought a house for half what I sold that one for. safeinOhio Apr 2016 #3

safeinOhio

(32,532 posts)
1. 3 weeks ago my house
Mon Apr 11, 2016, 10:54 AM
Apr 2016

sold the first day listed. Got way more than I expected. A young native US couple bought it.

Bubzer

(4,211 posts)
2. *nod* The new expectation being set is people interested buying buying a house...
Mon Apr 11, 2016, 11:00 AM
Apr 2016

should expect to spend considerable more than the house is worth.

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