2015-06-16marketwatch.com

``If this trend continues, foreigners will own over 35% of residential real estate in the U.S. over the next 10 years. General wisdom suggests that a foreign input of moneys flooding commercial U.S. markets might be a good sign for American corporations -- but when large sums of those funds are used for snatching up residential real estate, it will, in due time, drive the prices of homes out of reach of middle-class Americans, rendering them unable to afford homes in their own country. Overpriced hubs such as San Francisco, New York, Dallas, Denver, Seattle and others are already becoming out of reach to most Americans.''



Comments: Be the first to add a comment

add a comment | go to forum thread