Forum Replies Created
-
AuthorPosts
-
PerryChase
ParticipantPlenty of Chinese get rejected for visas. There’s always a long line at the US Consulate in Beijing.
Illegals don’t want to be found so they won’t buy. If you think that illegal foreigners will rescue the estate market, you’ll be waiting a long time.
We should sell our visas just like the Canadians do. (Sarcasm on) Better attract the rich than the poor. We might as well be business minded about it. How about giving a green card to anyone who can buy a house in America with cash? Would that help RE?
I hear that Costa Rica is becoming a little Taiwan because they also sell their residency. Well-do-to Taiwanese buy homes there so their children can learn English. Cheaper than going to school in USA, England, Australia or New Zealand.
ParticipantPlenty of Chinese get rejected for visas. There’s always a long line at the US Consulate in Beijing.
Illegals don’t want to be found so they won’t buy. If you think that illegal foreigners will rescue the estate market, you’ll be waiting a long time.
We should sell our visas just like the Canadians do. (Sarcasm on) Better attract the rich than the poor. We might as well be business minded about it. How about giving a green card to anyone who can buy a house in America with cash? Would that help RE?
I hear that Costa Rica is becoming a little Taiwan because they also sell their residency. Well-do-to Taiwanese buy homes there so their children can learn English. Cheaper than going to school in USA, England, Australia or New Zealand.
ParticipantPlenty of Chinese get rejected for visas. There’s always a long line at the US Consulate in Beijing.
Illegals don’t want to be found so they won’t buy. If you think that illegal foreigners will rescue the estate market, you’ll be waiting a long time.
We should sell our visas just like the Canadians do. (Sarcasm on) Better attract the rich than the poor. We might as well be business minded about it. How about giving a green card to anyone who can buy a house in America with cash? Would that help RE?
I hear that Costa Rica is becoming a little Taiwan because they also sell their residency. Well-do-to Taiwanese buy homes there so their children can learn English. Cheaper than going to school in USA, England, Australia or New Zealand.
ParticipantForeigners will come to America only if they can get a green card. Would you buy in a country where you can’t be guaranteed residency much less a tourist visa?
I have friends overseas who don’t even want to visit America because it’s too much of a hassle. First you have to pay non-refundable $100 with your visa application with no guaranteed of being granted the visa. Then you have to come back for the interview. To them, the hassle is not worth a holiday in America.
EU and Japanese citizens can come to America without a tourist visa but they have to apply for residency.
I agree with your comments about Vancouver, one of my favorite cities. In the 1990s you could get a house for $200k in Vancouver and many Hong Kongers bought there because with their money, they could get residency and eventually citizenship (they needed a safe haven when HK was returned to China). I’m not sure of the exact details but if you bring $100k into Canada, you can get residency. In America you need $1 million plus create 10 new jobs (they have inspections to verify that). That means that you have to open up and operate a business. You can’t invest in passive income businesses such real estate or the stock market.
ParticipantForeigners will come to America only if they can get a green card. Would you buy in a country where you can’t be guaranteed residency much less a tourist visa?
I have friends overseas who don’t even want to visit America because it’s too much of a hassle. First you have to pay non-refundable $100 with your visa application with no guaranteed of being granted the visa. Then you have to come back for the interview. To them, the hassle is not worth a holiday in America.
EU and Japanese citizens can come to America without a tourist visa but they have to apply for residency.
I agree with your comments about Vancouver, one of my favorite cities. In the 1990s you could get a house for $200k in Vancouver and many Hong Kongers bought there because with their money, they could get residency and eventually citizenship (they needed a safe haven when HK was returned to China). I’m not sure of the exact details but if you bring $100k into Canada, you can get residency. In America you need $1 million plus create 10 new jobs (they have inspections to verify that). That means that you have to open up and operate a business. You can’t invest in passive income businesses such real estate or the stock market.
ParticipantForeigners will come to America only if they can get a green card. Would you buy in a country where you can’t be guaranteed residency much less a tourist visa?
I have friends overseas who don’t even want to visit America because it’s too much of a hassle. First you have to pay non-refundable $100 with your visa application with no guaranteed of being granted the visa. Then you have to come back for the interview. To them, the hassle is not worth a holiday in America.
EU and Japanese citizens can come to America without a tourist visa but they have to apply for residency.
I agree with your comments about Vancouver, one of my favorite cities. In the 1990s you could get a house for $200k in Vancouver and many Hong Kongers bought there because with their money, they could get residency and eventually citizenship (they needed a safe haven when HK was returned to China). I’m not sure of the exact details but if you bring $100k into Canada, you can get residency. In America you need $1 million plus create 10 new jobs (they have inspections to verify that). That means that you have to open up and operate a business. You can’t invest in passive income businesses such real estate or the stock market.
ParticipantGet ready for 10% rates on a jumbo.
Do you know of a concept called value for the money? San Diego is nice but housing here is not value for the money.
We are not waiting to live here. We can live here, and enjoy the benefits by renting. You can rent the house or rent the money to buy the house.
BTW, I own a house but my situation is different from most buyers. I would never advocate buying in this overpriced environment.
ParticipantGet ready for 10% rates on a jumbo.
Do you know of a concept called value for the money? San Diego is nice but housing here is not value for the money.
We are not waiting to live here. We can live here, and enjoy the benefits by renting. You can rent the house or rent the money to buy the house.
BTW, I own a house but my situation is different from most buyers. I would never advocate buying in this overpriced environment.
ParticipantGet ready for 10% rates on a jumbo.
Do you know of a concept called value for the money? San Diego is nice but housing here is not value for the money.
We are not waiting to live here. We can live here, and enjoy the benefits by renting. You can rent the house or rent the money to buy the house.
BTW, I own a house but my situation is different from most buyers. I would never advocate buying in this overpriced environment.
ParticipantPerhaps Alex is an REIC mole. Once in while he’ll say things such as:
1) they don’t make any more land;
2) jobs are coming to SD;
3) foreigners are coming to SD;
4) everyone wants to live here;
5) inflation will save the day;
6) desirable area will be immune;
7) prices won’t drop too much because when they do buyers will flock in;
8) the government will step in with a bail out.
9) people need to buy now to lock in low rates, etc…If you believe it, then walk the talk. You’re always welcomed to post “I told you so” when you’re proven right.
ParticipantPerhaps Alex is an REIC mole. Once in while he’ll say things such as:
1) they don’t make any more land;
2) jobs are coming to SD;
3) foreigners are coming to SD;
4) everyone wants to live here;
5) inflation will save the day;
6) desirable area will be immune;
7) prices won’t drop too much because when they do buyers will flock in;
8) the government will step in with a bail out.
9) people need to buy now to lock in low rates, etc…If you believe it, then walk the talk. You’re always welcomed to post “I told you so” when you’re proven right.
ParticipantPerhaps Alex is an REIC mole. Once in while he’ll say things such as:
1) they don’t make any more land;
2) jobs are coming to SD;
3) foreigners are coming to SD;
4) everyone wants to live here;
5) inflation will save the day;
6) desirable area will be immune;
7) prices won’t drop too much because when they do buyers will flock in;
8) the government will step in with a bail out.
9) people need to buy now to lock in low rates, etc…If you believe it, then walk the talk. You’re always welcomed to post “I told you so” when you’re proven right.
ParticipantThe ownership premium that owners pay months after months needs to be deducted from the net when they sell to arrive at the true gain/loss.
You can rent a house that would’ve sold in 2005 for $1 million for $3,000 to $3,500/month. Even if you can afford the payments, you’re losing money every month you own the house. Unless appreciation is, at the minimum, equal to the ownership premium, then you’re losing money every month you own the house.
ParticipantThe ownership premium that owners pay months after months needs to be deducted from the net when they sell to arrive at the true gain/loss.
You can rent a house that would’ve sold in 2005 for $1 million for $3,000 to $3,500/month. Even if you can afford the payments, you’re losing money every month you own the house. Unless appreciation is, at the minimum, equal to the ownership premium, then you’re losing money every month you own the house.
-
AuthorPosts