If a home like this can go for $750k, in inflationary weak dollar we are heading towards, this would be a steal for just about every other foreigner. At that price, even my sis-in-law from PRC would consider buying that, especially once the Yuan floats. I would buy that property without hesitation, my parents would buy that property without hesitation, and about 10 other people I know looking to move up would buy that place without hesitation.
As much as I'd like to dream about something like this in the $800k terms, I can't see it happening in the forseeable future. It will be interesting to see what a continued weakening dollar will do to home prices.
Anyone thinking about a worst case scenario in which to americans, american homes are unattainable but to foreigners it's dirt cheap? Just food for thought.
