Foreign Real Estate Investors Are Coming To Buy Up American Homes
Nov 16, 2021
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https://www.financialsamurai.com/foreign-real-estate-investors-to-buy-up-american-homes/
I hope this is not true π
#mortgage #housing
Foreign Real Estate Investors Are Coming To Buy Up American Homes
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Edit after reading - China is most highlighted but there are other countries as well. Moreover, rich people and firms have many indirect ways. Of course , lesser the friction, better for them. Canada btw has some areas where they have reacted to this issue.
This quote
βBack in 2016, I distinctly remember trying to compete against foreign buyers for San Francisco real estate. It was not pleasant. One buyer bought a neighborhood home for $2.3 million in cash for his 21-year-old daughter. The daughter was going to the Academy of Artsβ
I knew someone whose parents did almost exactly that. She got a boxster instead of a 911 and that was mid 2000s.