By in Business

Foreign Investors Buying U.S. Real Estate

Recycling an observation made by Sean Heideman , a real estate broker based in Arizona. Though he penned his article back in 2012, no doubt there are foreign investors who still think that the “ greener grass of the USA ” is still as “ green $$$ ” as it ever was.

Top 10 Cities Foreign Investors Are Targeting

Foreign investors who are buying up our “American Dream” hail from North and South America ( , , ) and Asia ( and ) and other places around the globe. The they view as having prime real estate are , , , , and . 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 . Why not? Texas has no state tax and California's economy is pitiful.

Of course, if the funds were available I'd be buying island property; specifically in The Bahamas .

http://pixabay.com/en/bahamas-house-coast-sea-vacation-707305/

My dream house in The Bahamas would look like this! :)

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Image Credit » http://pixabay.com/en/estate-villa-architecture-building-152518/ by OpenClips

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Comments

inertia4 wrote on May 6, 2015, 4:33 PM

cmoneyspinner Foregien investors have been buying real-estate here in america for a long time now. I do believe that China is the biggest investor here. The powers to be don't care because they are making billions of dollars.

JohnRoberts wrote on May 6, 2015, 4:35 PM

Foreign investors have been buying up American property and businesses for years and it is disconcerting. But what can be done about it? Pass a law banning such sales to non-American citizens? As for Californians buying property in Texas, that kind of thing has gone on for decades. Folks from New York buying property in Arizona and Florida etc.

cmoneyspinner wrote on May 6, 2015, 6:28 PM

inertia4 and JohnRoberts - Thanks for your comments. Discouraging. But I have to accept them. :)

jiangliu1949 wrote on May 7, 2015, 7:22 AM

Not everyone can buy real estate over there .Some of investors from China are corrupt officials .Now our government is cracking down on them and has made significant inroad into this problem .

cmoneyspinner wrote on May 7, 2015, 5:45 PM

Never hear that kind of news over here. We hear about corrupt Chinese officials but the reports are never really tied to the real estate market. Thanks for commenting.

cmoneyspinner wrote on April 15, 2017, 8:16 PM

Medium republish.