Foreign buyers are flooding US real estate!!! (drug, companies, dollar)

[tinytrump]

Originally Posted by tinytrump

I have been barfin for 2 years on this - only thing I said OUR own US natives should buy first-- but they are being kicked to the side by foreign cash- but who you think owns 1/4 of our LARGE companies??

But nobody cares --capitalism at its best they say- BUT when all the neighbors do not speak English--- they cry

[Finn_Jarber]

Originally Posted by 2e1m5a

Real estate profits are not taxed (up to a certain amount).

You can make up to $250K profit on primary residence, but typically the foreign buyers are buying as investment, which is taxed.

[Joe33]

Originally Posted by Finn_Jarber

You can make up to $250K profit on primary residence, but typically the foreign buyers are buying as investment, which is taxed.

^^Yep.

[middle-aged mom]

Originally Posted by vacoder

Maybe I missed it but where is this "foreigners are pricing out americans" coming from?

Here's a take on the Manhattan real estate market.
Manhattan real estate prices shatter records


New condos sell at a substantial premium to foreign buyers while co-op which are legally allowed to discriminate are a bargain, in comparison. Most US people cannot afford to live in Manhattan, regardless of foreign investment unless they live in a legacy rent controlled unit.

[middle-aged mom]

Originally Posted by Finn_Jarber

You can make up to $250K profit on primary residence, but typically the foreign buyers are buying as investment, which is taxed.

1031 deferments are available to any investor with qualifying trades.

[middle-aged mom]

Originally Posted by Serious Conversation

Money talks, but watching the majority of towns, especially in the nice areas of the country with jobs along the coast, increasingly fall into foreign hands, pricing out Americans, is tough to stomach.

Majority of towns?

[J.Thomas]

Originally Posted by djmilf

It's called capitalism, comrade.

Do they not have it where you live?

Unfortunately we have.

This thing has spread to DFW as well

[djmilf]

Originally Posted by djmilf

It's called capitalism, comrade.

Do they not have it where you live?

Originally Posted by J.Thomas

Unfortunately we have.

This thing has spread to DFW as well

So, just so I understand, you're against capitalism?

[HappyRider]

Originally Posted by Cliftonpdx

You have a better chance of being run over by some guy in a Land Rover in Bellevue than you do being killed by an ISIS terrorist.

You have the same odds dying from lung cancer but I don't see anybody downplaying cigarette smoking.

[Serious Conversation]

Originally Posted by vacoder

Maybe I missed it but where is this "foreigners are pricing out americans" coming from?

Most coastal areas, especially Seattle, Vancouver, Miami, and SF Bay area.