Note that it doesn't say, "French, Germans, Saudis, and Japanese on work visas", it says "Indians, Chinese, Mexicans, and Filipinos". Every one of these groups is from a third world country not known for having a lot of rich folks who can afford 700K houses. Not to say there aren't rich people there, but there are a lot fewer of them than in first world countries, and I just don't see them having a lot of effect on our housing market.

 

Um… I think you're walking into this one….Since when is China and India considered third world today?

 

Someone posted this link

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html

 

I wouldn't exactly call a country with  +$179,100,000,000 "third world". Meanwhile, US is $ -862,300,000,000 …..

 

Your preconceived notions of foreign is starting to show 🙂