Posted on 07/28/2011 9:17:51 PM PDT by DeaconBenjamin
Nor am I. Foreign exchange rates, tax rates at home, etc. surely play into foreigners decisions to invest in U.S. real estate. Sometimes those things can make a bad deal here look good from over the border.
If Obambi is re-elected, then the US will be the economic equivalent of the Congo by 2020.
Oh sheesh.Don’t overrate him. Zimbabwe at the least. We will be carrying around suitcases of $20 bills just to buy a coca cola down a the local 7Eleven (fully weaponed up in one’s vehicle and CCR if allowed in one’s state).
This happened before with the Japanese.
They cannot toss real estate into the trunk of their cars and send it home.
“Yet those lands are still American, they can’t become Japanese etc.” <<<
Hi, Cronos! You were up late! Of course you make the take away point....again. :)
Just ask the Japanese investors that lost big time on their investment in California real estate, to include Pebble Beach.
Actions have consequences. The massive redistribution of wealth is by our own hand. We as a nation are responsible for putting ourselves in a position of having to do a real estate fire sale.
I guess we could see if they are more interested in paper money than something like a building or a house. How about if we increase the interest we pay on T-Bills? Do you consider that a better option?
I don't blame the foreigners for coming in and buying up the place. They were smart with their money (conservative) and now they will profit for it. On the other hand, we spent like drunken sailors and are broke.
In the mean time, the value of my house goes up and so does everyone elses with the new money coming into the market. Bring 'em on!
I totally agree, and don’t blame foreigners. The problem is the policies that weaken the dollar. As you say, that is at our own feet. The main thing we can do, and it is timely, is stop printing so much money (i.e. stop growing the debt). At this point, it is the primary culprit in debasing the dollar.
I learn a lot from you guys. thank you
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