Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I know a little bit about what's going on through my Chinese connections. They buy houses with cash outright. California is most popular, followed by Washington State, and New York.
People complain that they drive up housing costs, making houses unaffordable for average Americans.
America is one of the few countries that allows foreigners to buy property so easily.
And their dog puppet Obama is creating a smokescreen for them with his transgender nonsense.
I'm holding out for $6.5million. The Chinese and Indians have purchased Palo Alto en mass. In a couple of years we will just move to Santa Fe permanently and watch the sunset.
I'm holding out for $6.5million. The Chinese and Indians have purchased Palo Alto en mass. In a couple of years we will just move to Santa Fe permanently and watch the sunset.
Bring them on!
If you mean Santa Fe New Mexico, you might not like it much here... in the long term.
The Employment-Based Immigration Investor Program, or EB-5, was created by Congress in 1990 to encourage foreign investment in the nation's blighted urban cores and rural areas by offering a path to citizenship as an incentive.http://www.orlandosentinel.com/news/...516-story.html
We have been selling out for years sell my 2-bit co to xyz corp. and next thing you know the company is over seas-- (see Apple) all about the money. The same investors want cheap labor, and they will be the ones deciding the outcomes of immigration policies- keep selling houses, land, ports, companies, rights, paper, bonds, medical, educational media and military stuff... Trump wants all foreign lands that have a US base to PAY for the soldiers being there to protect- like typical watchmen -- sell it all! we not need worry about illegal immigration taking over the country- we selling the country-
Many foreigners buy properties in Beijing and Shanghai too (not just Americans). All international cities in the world are the same.
However, there are so many rich Chinese nowadays so the tend to dominate. Just a few days ago, a Chinese "student" purchased a $31 million mansion in Canada and it became news. There will be more such "students" to come.
Is this worse than the Japanese takeover from the late 70's and 80's?
You mean where they caused a huge real estate bubble and then lost billions and billions?
This is good news, it doesn't count in the trade deficit but it should, nice to see all that money coming back to the US this way.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
