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Chinese Lead Way as Foreigners Step Up Purchases of U.S. Homes

Aepsilons

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http://online.wsj.com/articles/chin...ers-step-up-purchases-of-u-s-homes-1404862791
 
This isn't good. Foreigners shouldn't be allowed to purchase homes or property. Only citizens should reserve this right.
 
This isn't good. Foreigners shouldn't be allowed to purchase homes or property. Only citizens should reserve this right.

One way to fix the deficit problem in the U.S. is to encourage foreign investments. U.S. housing sector have been affected by the recession too long, allowing foreigners to buy property will help with development of this sector by increasing demand in the market.
 
One way to fix the deficit problem in the U.S. is to encourage foreign investments. U.S. housing sector have been affected by the recession too long, allowing foreigners to buy property will help with development of this sector by increasing demand in the market.

Precisely. And now is the best time to actually buy property in the 'states. Banks are very 'liberal' in home loans. Even for foreigners.
 
This isn't good. Foreigners shouldn't be allowed to purchase homes or property. Only citizens should reserve this right.
Why not ? Selling land is the surest way to secure a person's long term interest, even if all I want to do is rent out the land/house. What do you think the Chinese are going to do ? Pack up the land/house and leave ?
 
One way to fix the deficit problem in the U.S. is to encourage foreign investments. U.S. housing sector have been affected by the recession too long, allowing foreigners to buy property will help with development of this sector by increasing demand in the market.

It will only help with the current account deficit by promoting capital inflows into the US, but the fiscal deficit is largely unaffected by foreign purchases of homes. It does provide a floor under prices in some markets and adds liquidity, but also remember that this new demand will price many Americans out of the market, so it's a mixed blessing. Look at what happened to London or Vancouver to see how distorted the market can get because of wealthy foreigners.

As a capitalist, I support the ability of outsiders to buy. I'm just pointing out that it's not an across-the-board benefit.
 
This isn't good. Foreigners shouldn't be allowed to purchase homes or property. Only citizens should reserve this right.


Are you kidding me? That means when i would visit your country i should not be allowed to buy property?
 
Why not ? Selling land is the surest way to secure a person's long term interest, even if all I want to do is rent out the land/house. What do you think the Chinese are going to do ? Pack up the land/house and leave ?

If the houses are put to use (live in, rent out), good. If they are just purchased as a store of value, or even worse, on speculation, it will distort the market in the same way that happened before 2007.
 
Everything China touches and invests into is a bubble, fake and lie meant to burst and collapse in the next years. Or so keep the U.S."experts" and "analyst" telling us. Indian "scholars" collectively agree.

Does that mean U.S.A will collapse and U.S.A housing bublle will burst soon?
 
Everything China touches and invests into is a bubble, fake and lie meant to burst and collapse in the next years. Or so keep the U.S."experts" and "analyst" telling us. Indian "scholars" collectively agree.

Does that mean U.S.A will collapse and U.S.A housing bublle will burst soon?

I appreciate your aggressive negativity. To catch you up from your coma in 2006, the US housing bubble already burst, and while it was difficult, we survived.
 
I read a news, a Beijing woman liquidated her 2B1B apartment in Chaoyang, Beijing (downtown) for more than $500,000, and purchased a house with 6 bedrooms, and big living room and garage in Houston. Her house is now for lease, she can collect $3,000 rents per month. Good investment!
 
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I read a news, a Beijing woman liquidated her 2B1B apartment in Chaoyang, Beijing (downtown) for more than $500,000, and purchased a house with 6 bedrooms, and big living room and garage in Houston. Her house is now for lease, she can collect $3,000 rents per month. Good investment!

Capitalism. It's a beautiful thing.
 
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