No harm no foul. One of the major reason for property values going up was strength of Euro against Dollar. Especially in high-end properties, they are STILL driving the price up.
I would love to see more of these investors come in here.
10 MILLIION AMERICANS RIGHT NOW ARE UNDER-WATER AS FAR AS VALUE OF THEIR HOME GOES.
These are NOT subprime guys, but folks who work hard and have been paying their mortgage on time and are now holding mortgages not worth the paper they were written.
Continued collapse in housing market would result in huge disaster, especially now that Americans are accustomed to spending money taken out of equity built in their house. For many, HOUSE is the retirement plan.
In other words, HOUSING market needs to be turned around and if we can bring in investors with REAL money, without printing more dollars and diluting it further, sooner we can get it out of this mess.
C’mon Amigos! Great Opportunity! Ariba! Andle!
I don’t have a problem with this.
These Mexican nationals are investing their money in America, and doing so legally.
People from over a hundred countries having been buying second homes, and businesses, in the U.S. for many years.
The influx of these investors is good for the country and our economy; it’s not an invasion.
This is quite different from the issue of illegal immigration, which is a HUGE problem.
You're from Russia! Right, comrade? (Russian mafia?) That would explain your inability to use articles correctly.
“Americans are accustomed to spending money taken out of equity built in their house.”
Every one of them deserve to lose their home!