[quote=flu]You don’t need to compete against foreign cash because foreign cash is only about a 1/3 of these purchases. Maybe more for higher end. But not that much more.

And one thing for certain, U.S. is probably the safest place to park money. Everyone knows that.

I think even the Swiss have negative interest rates, right?[/quote]flu, I think you do, even if it’s not directly. The people who got beat out by these foreign buyers won’t just drop out of the market. Since the supply is limited/fixed, they will move down market or push others down market. Which mean that those people will be competing w/ you. It’s a domino effect.