I doubt that these ‘foreigners’ are from Europe who look more to Florida for second homes because of the distance. The fact that US and European airlines have relaxed their stand off may entice a few long haul wonderers. I would also think that cash buyers may be put off by property tax. The chinese emphasis on education has ensured managerial postions in the work place, but that doesn’t make for cash buyers. There are rumours circulating that a Chinese (and Taiwanese) influx of cash rich individuals are keeping property prices up, but I think that is just heresay. What is more likely is that some foreigners are window shopping as a result of the weak dollar. Also, there are plenty of foreign speaking people here in LA, and some may be tempted by or curious about SD prices.
