[quote=masayako]Thanks to our U.S monetary policy and bail outs, the foreigners are all taking advantages of our Real Estates market. We hardworking money savers are screwed.[/quote]
Maybe I’m misreading something, but I think you are implying that foreigners (e.g., me) buying real estate in the USA is a bad thing and somehow we are screwing you.
It seems to me that for every buyer there is a seller, and I don’t know about you but whenever I’ve been a seller I’ve been very very happy when the house is sold, and really I could care less who it sold to. The foreign buyers are increasing the buyer pool and hence causing houses to sell quicker.
Every foreigner buying means an influx of cash into the local economy both from the sale (full value, not just RE fees!) AND from all the other things that go along with a house purchase. This is in contrast to a local selling one house and buying a new one where the net contribution would be much smaller.
