Foreign purchases of American homes plunge 36% as Chinese buyers flee the market
Don't ever say Trump never did anything for you. The man is an expert in creating real estate losses. 😤 https://www.cnbc.com/amp/2019/07/17/foreign-purchases-of-american-homes-plunge-36percent-as-chinese-buyers-flee.html
This is a good news.
I hate Trump, but why is this bad? Purchasing a home shouldn't be about speculation.
People enjoyed faster than normal appreciation.
This is wonderful news.
The Chinese have had some changes in what they are allowed to invest in, but they don't have the range of options we do in the US, so US real estate was a popular option, however, the central government is now discouraging this.
Well, those bribe money needs to be laundered somewhere. If the Americans won’t take them, they’ll just going to dump them somewhere else. 🤷♂️
Hmm seems like they can’t get the money out anymore, so Winnie the Pooh might get it instead
Yes keep plunging
Good, market had overheated
Chinese helped push up housing prices, which was starting to pose inflation fears. The Chinese departures are helping to ease those fears. Bye bye.
Sorry but this is best news I heard all day
👏
Why are foreigners allowed to buy property to begin with?
Because the US is a free market. Do you want the US to forbid foreigners buying property like what communist China does?
Yes I do. The US is not a free market, it's a mixed system with regulations. Locals should be able to buy homes before foreigners.