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There is an acceleration of Chinese pulling their kids out of US Schools and also not buying real estate and other investments in the USA. This happened due specifically to Trump's tariff wars and his ranting about China.
Real Estate purchases by foreigners are down 30-50% in some popular areas and both private schools and colleges are also feeling the pinch.
I have heard this...not from an article, but from actual human beings involved. The real estate numbers are available to anyone who wants to look them up and they relate to the same issue (in a general sense, people are giving the USA the finger...in response to Trump giving then the finger).
This one did NOT start in 2016.....
"US home purchases by foreign buyers dropped a staggering 36 percent between April 2018 and March, from $121 billion to $77.9 billion, according to a new report from the National Association of Realtors. "
well, the Chinese and other foreign buyers are always cited as a main reason for staggering housing price increases in West Coast markets. Vancouver(?) passed a law against them buying more because of the affect on their real estate market.
It is certainly not great news when many home owners find themselves underwater with their mortgages. Its weird all bad news are hailed as "great news".
yet another area you know zilch about, Finn. Is it really asking too much for someone who wants to be taken seriously to actually look for, read, and understand information that they draw conclusions on?
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From the third quarter of 2018 to the fourth quarter of 2018, the total number of mortgaged homes in negative equity increased 1.6 percent to 2.2 million homes or 4.2 percent of all mortgaged properties.
Location: Somewhere between the Americas and Western Europe
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Originally Posted by BigDGeek
If Canada, Australia, and the UK want their universities (and office parks) overrun by Chinese & Indians, that's on them.
I'm glad there's less of them coming here. They're not needed or wanted.
Lots of news stories about how the influx of Chinese students into (especially Midwestern state universities) does not really add anything of value.
They all come in rich and entitled, and segregate themselves from the rest of the student body. They drive around in really really expensive cars and attend just to get the piece of paper and go home.
American universities should offer American students value for their money. If they don't offer an in-demand product, then they should shutter up.
It will be affordable, but what about the scores? Will Harvard or Stanford admit students because they ahve a lot of seats available??
By your logic, since there are no takers for a 1 mn home, will they sell it for 250k??
well, the article and organization didn't attempt to tell us any numbers of foreign students enrolling at Harvard, Stanford, etal. We know the org/author made no attempt to get numbers from them though.
However, we know the number to be about 70K less total, and thus 7% of their total. Let's say 10% of Stanford's total undergrad enrollment is foreign. That's ~500 seats over the last 3 years. Stanford's acceptance rate is 5%. if it only took the NEXT best 10% of students, it would still have a low acceptance rate.
Lots of news stories about how the influx of Chinese students into (especially Midwestern state universities) does not really add anything of value.
They all come in rich and entitled, and segregate themselves from the rest of the student body. They drive around in really really expensive cars and attend just to get the piece of paper and go home.
American universities should offer American students value for their money. If they don't offer an in-demand product, then they should shutter up.
yet another area you know zilch about, Finn. Is it really asking too much for someone who wants to be taken seriously to actually look for, read, and understand information that they draw conclusions on?
Actually I know quite a bit about people ending up under water when prices fall. Ad hominems aren't helping your case. The other poster celebrated falling home values, and I stated it it would not be (if true) much to celebrate.
Actually I know quite a bit about people ending up under water when prices fall. Ad hominems aren't helping your case. The other poster celebrated falling home values, and I stated it it would not be (if true) much to celebrate.
saying you know *zilch*, based upon an uninformed comment claiming "many" when it's 4%, that's not ad hominem.
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Less pressure on the housing market, especially in high COL areas.
does not equal falling prices. It means contributing to a slower rate of growth in prices, in areas that have significant foreign investment.
PS - "being underwater when prices fall" is a meaningless condition UNLESS one has to sell.
saying you know *zilch*, based upon an uninformed comment claiming "many" when it's 4%, that's not ad hominem.
Yes. MANY, and it is especially true if it is the begging of a trend.
Down here in South Florida about 20% of properties are bought by foreign buyers, and their input is declining, and it is a concern, and it could become a very valid one. Once foreign investors start dumping properties, or stop buying them, it will have a major impact on the real estate market, and MANY American home owners will take a hit.
Keep you childish "you know nothing, I know everything" nonsense to yourself. You are talking to someone who has been actively involved in real estate for some time.
Last edited by Finn_Jarber; 11-21-2019 at 09:19 AM..
Of interest, one country in particular posted double digit increases year over year leading up to and during the previous administration and now is posting double digit decreases. It is the only country with such a large, consistent pattern. Almost every 9-11 attacker came from this country.
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