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  • July 30, 2011 at 8:59 AM #714660
    ocrenter
    Participant

    Not surprised by FL, more surprised about HI. Would have expected a lot more foreign activities in HI.

    But then realized we are looking at recent activities. The graph produced a whole lot of questions for me.

    How does the 7.7% foreign buying activity compare to before? Especially after prior bubble bursts?

    What is the actual foreign ownership % of the entire housing stock?

    Who in the world is buying in TN?

    July 30, 2011 at 9:30 AM #713922
    Jazzman
    Participant

    I’ve seen a chart that purports to show the same, but with NY being the biggest draw. What can you buy in California for $100k? Why would foreigners give “It’s a nice place to live” as the main reason, when they legally can’t live here? Needs some verbal backup.

    July 30, 2011 at 9:30 AM #715034
    Jazzman
    Participant

    I’ve seen a chart that purports to show the same, but with NY being the biggest draw. What can you buy in California for $100k? Why would foreigners give “It’s a nice place to live” as the main reason, when they legally can’t live here? Needs some verbal backup.

    July 30, 2011 at 9:30 AM #714675
    Jazzman
    Participant

    I’ve seen a chart that purports to show the same, but with NY being the biggest draw. What can you buy in California for $100k? Why would foreigners give “It’s a nice place to live” as the main reason, when they legally can’t live here? Needs some verbal backup.

    July 30, 2011 at 9:30 AM #713832
    Jazzman
    Participant

    I’ve seen a chart that purports to show the same, but with NY being the biggest draw. What can you buy in California for $100k? Why would foreigners give “It’s a nice place to live” as the main reason, when they legally can’t live here? Needs some verbal backup.

    July 30, 2011 at 9:30 AM #714521
    Jazzman
    Participant

    I’ve seen a chart that purports to show the same, but with NY being the biggest draw. What can you buy in California for $100k? Why would foreigners give “It’s a nice place to live” as the main reason, when they legally can’t live here? Needs some verbal backup.

    July 30, 2011 at 10:57 AM #714531
    briansd1
    Guest

    Unlike other parts of the world, it’s harder to park money and earn a return in real estate in America because of high property taxes and HOA.

    We have very high carrying costs compared to the rest of the world.

    Looking at the chart, primary or secondary homes represent 65% of purchases suggesting that the foreigners already have residency/travel permits. That also suggest that US real estate is more of a shelter than investment that provides cash flow (for example rich folks in Latin America want to park some money in America because of political of economic stability. Plus they like to come here on shopping trips).

    Canadians can stay in America for 6 months at a time. And they love the sunshine of Florida.

    Europeans don’t need visa for stays less than 90 days at a time.

    Of course plenty of foreigners have green cards and they want a base here.

    July 30, 2011 at 10:57 AM #714685
    briansd1
    Guest

    Unlike other parts of the world, it’s harder to park money and earn a return in real estate in America because of high property taxes and HOA.

    We have very high carrying costs compared to the rest of the world.

    Looking at the chart, primary or secondary homes represent 65% of purchases suggesting that the foreigners already have residency/travel permits. That also suggest that US real estate is more of a shelter than investment that provides cash flow (for example rich folks in Latin America want to park some money in America because of political of economic stability. Plus they like to come here on shopping trips).

    Canadians can stay in America for 6 months at a time. And they love the sunshine of Florida.

    Europeans don’t need visa for stays less than 90 days at a time.

    Of course plenty of foreigners have green cards and they want a base here.

    July 30, 2011 at 10:57 AM #713841
    briansd1
    Guest

    Unlike other parts of the world, it’s harder to park money and earn a return in real estate in America because of high property taxes and HOA.

    We have very high carrying costs compared to the rest of the world.

    Looking at the chart, primary or secondary homes represent 65% of purchases suggesting that the foreigners already have residency/travel permits. That also suggest that US real estate is more of a shelter than investment that provides cash flow (for example rich folks in Latin America want to park some money in America because of political of economic stability. Plus they like to come here on shopping trips).

    Canadians can stay in America for 6 months at a time. And they love the sunshine of Florida.

    Europeans don’t need visa for stays less than 90 days at a time.

    Of course plenty of foreigners have green cards and they want a base here.

    July 30, 2011 at 10:57 AM #713932
    briansd1
    Guest

    Unlike other parts of the world, it’s harder to park money and earn a return in real estate in America because of high property taxes and HOA.

    We have very high carrying costs compared to the rest of the world.

    Looking at the chart, primary or secondary homes represent 65% of purchases suggesting that the foreigners already have residency/travel permits. That also suggest that US real estate is more of a shelter than investment that provides cash flow (for example rich folks in Latin America want to park some money in America because of political of economic stability. Plus they like to come here on shopping trips).

    Canadians can stay in America for 6 months at a time. And they love the sunshine of Florida.

    Europeans don’t need visa for stays less than 90 days at a time.

    Of course plenty of foreigners have green cards and they want a base here.

    July 30, 2011 at 10:57 AM #715044
    briansd1
    Guest

    Unlike other parts of the world, it’s harder to park money and earn a return in real estate in America because of high property taxes and HOA.

    We have very high carrying costs compared to the rest of the world.

    Looking at the chart, primary or secondary homes represent 65% of purchases suggesting that the foreigners already have residency/travel permits. That also suggest that US real estate is more of a shelter than investment that provides cash flow (for example rich folks in Latin America want to park some money in America because of political of economic stability. Plus they like to come here on shopping trips).

    Canadians can stay in America for 6 months at a time. And they love the sunshine of Florida.

    Europeans don’t need visa for stays less than 90 days at a time.

    Of course plenty of foreigners have green cards and they want a base here.

    July 30, 2011 at 10:59 AM #714536
    UCGal
    Participant

    [quote=Jazzman]I’ve seen a chart that purports to show the same, but with NY being the biggest draw. What can you buy in California for $100k? Why would foreigners give “It’s a nice place to live” as the main reason, when they legally can’t live here? Needs some verbal backup.[/quote]
    So many assumptions here…
    * you can buy condos and even SFR in California for less than 100k in plenty of non coastal, non big city locations. I did a quick search of big bear and found several under 100k
    * If they live in it seasonally, for three months, then nice place to live matters. Think snow birds from Canada. You can live in the US for 90 days on a tourist visa. My aunt’s community in Arizona is 70% seasonal Snowbirds, mostly Canadians, but some from Northern US states,
    like the Dakotas.

    If you look at the link… most of the foreign buyers are from North America and that means Canada and Mexico.

    July 30, 2011 at 10:59 AM #714690
    UCGal
    Participant

    [quote=Jazzman]I’ve seen a chart that purports to show the same, but with NY being the biggest draw. What can you buy in California for $100k? Why would foreigners give “It’s a nice place to live” as the main reason, when they legally can’t live here? Needs some verbal backup.[/quote]
    So many assumptions here…
    * you can buy condos and even SFR in California for less than 100k in plenty of non coastal, non big city locations. I did a quick search of big bear and found several under 100k
    * If they live in it seasonally, for three months, then nice place to live matters. Think snow birds from Canada. You can live in the US for 90 days on a tourist visa. My aunt’s community in Arizona is 70% seasonal Snowbirds, mostly Canadians, but some from Northern US states,
    like the Dakotas.

    If you look at the link… most of the foreign buyers are from North America and that means Canada and Mexico.

    July 30, 2011 at 10:59 AM #713846
    UCGal
    Participant

    [quote=Jazzman]I’ve seen a chart that purports to show the same, but with NY being the biggest draw. What can you buy in California for $100k? Why would foreigners give “It’s a nice place to live” as the main reason, when they legally can’t live here? Needs some verbal backup.[/quote]
    So many assumptions here…
    * you can buy condos and even SFR in California for less than 100k in plenty of non coastal, non big city locations. I did a quick search of big bear and found several under 100k
    * If they live in it seasonally, for three months, then nice place to live matters. Think snow birds from Canada. You can live in the US for 90 days on a tourist visa. My aunt’s community in Arizona is 70% seasonal Snowbirds, mostly Canadians, but some from Northern US states,
    like the Dakotas.

    If you look at the link… most of the foreign buyers are from North America and that means Canada and Mexico.

    July 30, 2011 at 10:59 AM #713937
    UCGal
    Participant

    [quote=Jazzman]I’ve seen a chart that purports to show the same, but with NY being the biggest draw. What can you buy in California for $100k? Why would foreigners give “It’s a nice place to live” as the main reason, when they legally can’t live here? Needs some verbal backup.[/quote]
    So many assumptions here…
    * you can buy condos and even SFR in California for less than 100k in plenty of non coastal, non big city locations. I did a quick search of big bear and found several under 100k
    * If they live in it seasonally, for three months, then nice place to live matters. Think snow birds from Canada. You can live in the US for 90 days on a tourist visa. My aunt’s community in Arizona is 70% seasonal Snowbirds, mostly Canadians, but some from Northern US states,
    like the Dakotas.

    If you look at the link… most of the foreign buyers are from North America and that means Canada and Mexico.

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