Re:China’s Market Rout Is a Double Threat
by coliveira on Sunday July 05, 2015 @10:17PM
(#9836296)
On the contrary, I think that any foreigner being able to buy real estate in the US is a big plus for the country. Think about it, real estate is one of the few things that can never be exported. When foreigners buy in the US, they're divesting money from other possible expenditures in their home country to be invested for a long time in America. This in turn improves the value of real estate, generates jobs on construction, agents, plus local fees, and so many other things that will end up in American pockets. If anything else I would make it easier to sell real estate to internationals.
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Re:China’s Market Rout Is a Double Threat
by filereaper on Monday July 06, 2015 @01:39AM
(#9837009)
If outside buying of real-estate isn't controlled, then you can get into the situation where locals and citizens cannot afford to buy property because its driven up by outside investors, especially ones who buy using large sums of cash.
It is true that it creates jobs and and local fees but ultimately the local populace should be able to afford houses. This situation becomes worse in areas where there is no new housing being built.