● Foreign Investors Buying U.S. Real Estate
Recycling an observation made in an article published 2011 at REALTOR® Magazine Online. Though dated more than 5 years ago, no doubt there are foreign investors who still think that the “ greener grass of the USA ” is still as “ green $$$ ” as it ever was.
Foreign investors who are buying up our “American Dream” hail from North and South America (Canada, Mexico, Columbia) and Asia (China and India ) and other places around the globe. The states they view as having prime real estate are Arizona , Hawaii , Michigan , Nevada , Florida and California. Florida was the top state. Yeah! Beat out California and Hawaii?? Yes well … Florida has no state tax. Also, by comparison, life on the West coast is way more expensive. It’s a very upsetting trend.
- What’s could be an even more upsetting trend?
Even more upsetting is that folks from California are buying up real property in Texas. Why not? Texas has no state tax and California’s economy is pitiful.
Of course, if the funds were available to me, I’d be buying island property; specifically in The Bahamas (My Father’s Country). :)
My dream house in The Bahamas would look like this! :)
** Originally published at personapaper.com, May 6, 2015.
If you keep your finger on the pulse of the international real estate market, here are more current related links on interest:
Ever since the Canadian city hit foreign home buyers with a 15% tax, hungry Chinese bargain hunters are looking…money.cnn.com
If they were anywhere else in Beijing, the five young women in cowboy hats and matching red, white, and blue costumes…www.bloomberg.com
Time to take stock, regroup, project, and predict... As we turn the corner from 2016 to 2017, we here at Live and…www.liveandinvestoverseas.com
Carlton Group specializes in accessing capital for projects via sophisticated, highly structured debt and equity…howardmichaels.com