Foreign Home Buyers Love America
UPDATE: Feb. 6, 2009 3:00pmPST
So it's come to this - America is for Sale!
I thought this was an interesting video. For the Chinese, it's much more transparent (and thus predictable) to buy US properties at close to the perceived bottom of the market.
So it's come to this - America is for Sale!
I thought this was an interesting video. For the Chinese, it's much more transparent (and thus predictable) to buy US properties at close to the perceived bottom of the market.
Hi Pat, interesting video. There are more an more wealthy investors looking at the US to put their money, especially in real estate. I have seen a surge from Latin America for those looking for property in Texas, Florida, AZ and NY coming from Latin America (Venezuela, Mexico and Colombia).
One thing I find interesting about the video is how they make it seem like it is really easy to finance foreign buyers. I spoke with Ines Hegedus-Garcia awhile ago and she was trying to find more companies that loan to foreign buyers and it seemed like it wasn't easy. Maybe the difference is that these buyers are uber-wealthy. Regardless, I've heard that it is challenge to loan to foreign nationals.
Great post. I hope all is well with you.
Brian
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I said this from 2007 that foreign investors were going to come and gobble up this real estate. It was only a matter of time. They know the values will come back around but I think they are more interested in getting good properties in good locations at rock bottom prices.
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