China has become the largest foreign buyer of U.S. residential real estate. ... Of the 284,000 properties sold to foreign buyers last year, some 40,400, or 15%, were bought by Chinese nationals.
If 40,000 homes sold to Chinese are 15% of the total homes sales, then how much is 284,000 homes sold to foreign buyers?
I'm not sure how you are figuring these numbers, but there are about 6 Million homes sold in the US each year, so if foreigners are buying 284,000, that comes out to less than 5%, not 75%.
That number does not include Immigrant visas. China sends millions of Immigrant visas to USA each year who buy homes cash because they are funded from China banks at zero interest.
Realtor friend just told me my house here in a So. Cal. suburb just jumped about 20% in value, yo. Told me to put it in order in case it gets even crazier so I can sell it at a moments notice.
Lots o city dwellers buying up rural areas cuz it's cheaper than living in city yet us who live here can't afford Shit n no one building anything Hud sure gets the hommie hook up tho... <3 MAGA2020
Do you have a source for this? It doesn't really sound realistic to me.
There is no source and we need to do a better job of getting rid of the absurdly fake news and the asshats who post it.
https://www.marketwatch.com/story/chinese-investors-buy-more-us-residential-real-estate-than-any-other-country-but-trumps-trade-war-could-soon-end-that-2019-05-15
China has become the largest foreign buyer of U.S. residential real estate. ... Of the 284,000 properties sold to foreign buyers last year, some 40,400, or 15%, were bought by Chinese nationals.
If 40,000 homes sold to Chinese are 15% of the total homes sales, then how much is 284,000 homes sold to foreign buyers?
I'm not sure how you are figuring these numbers, but there are about 6 Million homes sold in the US each year, so if foreigners are buying 284,000, that comes out to less than 5%, not 75%.
That number does not include Immigrant visas. China sends millions of Immigrant visas to USA each year who buy homes cash because they are funded from China banks at zero interest.
The numbers you are spouting are way off.
It's true, there are a lot of foreign purchases of US houses, but nothing remotely near what your post says.
Sadly 75% is a low number. It may be closer to 90%
Propping up housing prices for the boomers...
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Realtor friend just told me my house here in a So. Cal. suburb just jumped about 20% in value, yo. Told me to put it in order in case it gets even crazier so I can sell it at a moments notice.
Foreign buyers were buying up so many properties.
They were just sitting EMPTY.
So they made some law changes.
Entire condo buildings in cities like Toronto Canada bought up by Chinese sitting empty.
Chinada
When your city becomes Chinese around you it doesn’t seem too helpful.
Might be time to look into Squatter's Rights laws. If they buy and never even touch it...
Lots o city dwellers buying up rural areas cuz it's cheaper than living in city yet us who live here can't afford Shit n no one building anything Hud sure gets the hommie hook up tho... <3 MAGA2020