Yahoo News
Foreign buyers snap up 2nd homes in US
http://news.yahoo.com/s/ap/20071224/ap_on_bi_ge/real_estate_foreign_buyers
2007-12-24 11:39:02 · 13 answers · asked by Chi Guy 5 in Politics & Government ➔ Politics
briankei (below) AGREED!
Currency Conversion Results
http://finance.yahoo.com/currency/convert?from=USD&to=CNY&amt=1&t=2y
2007-12-24 11:45:38 · update #1
regerugg (below) Bwwaaaa Ha Ha Ha
What a load!
So they buyout US owners when the US housing market is crashing along with the US dollar and this is a GOOD thing for the US? Please don't EVER go into day trading.
He who buys LOW and sales HIGH wins. Not the other way around.
2007-12-24 11:48:45 · update #2
booming economy ... !?!?!?!?!
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
Thanks I needed a laugh ... gotta go back to figuring out how I'm going to fill my gas tank and heat my home this winter
EDIT- The reason they are snapping up homes is because the dollar has dropped so much that other country's can buy homes in this country for bargain based pricing ...
2007-12-24 11:42:27 · answer #1 · answered by Anonymous · 9⤊ 2⤋
This means is a sign that the dollar and the US housing market are set for a recovery.
In the coming 8-16 months there will be great opportunities for Americans to buy houses at cheap prices and make lots of money.
2007-12-25 21:11:54 · answer #2 · answered by eat me hillary 2 · 0⤊ 2⤋
Yep, when will the neo-con sheep smell the coffee??? Booming economy, ROFFL- one needs only look at the TRUE economic indicators to realize we are on thin ice and it is getting warmer, I sincerely hope America can make it for 1 more year before we get the pack of jackals out of power.
2007-12-24 20:04:26 · answer #3 · answered by HP 4 · 3⤊ 1⤋
Not related. The economy is doing well, with adequate growth and low unemployment. But the dollar has declined, due to lots of imports and too much money created by the Fed (which is not Bush's responsibility), and US assets are being snapped up by foreigners. This is not altogether a bad thing.
2007-12-24 19:53:32 · answer #4 · answered by Anonymous · 0⤊ 4⤋
Yes, I think it’s interesting that people from these “socialist” European countries are buying multi-million dollar condos in Manhattan. The dollar is in decline and Europeans and others are coming here to buy real estate and some come just to shop.
2007-12-24 19:50:20 · answer #5 · answered by tribeca_belle 7 · 5⤊ 0⤋
more like: The Dollar is so weak right now, the exchange rate is great for foreigners...I don't concider uncontrolled inflation an economic success...They can't steer clear of our recession for long, eventually our economic failures will ripple across the world.
2007-12-24 19:48:57 · answer #6 · answered by Anonymous · 4⤊ 0⤋
Are you suggesting that President Bush is at fault because people buy things they can't afford? Is it the job of a president to be the scapegoat for our sins? Are you suggesting the government control our economy?
No President Bush is not responsible at all for this.
2007-12-24 20:16:16 · answer #7 · answered by Anonymous · 0⤊ 2⤋
Hmm, I didn't realize that I was a foreigner when I bought my 4th home last month.
Oh wait, I'm something much worse than a foreigner. I'm a hard-working Conservative who has the means to invest in properties that aren't my main residence. Oh, the horror.
Liberalism - a true mental disorder.
2007-12-24 20:00:37 · answer #8 · answered by Anonymous · 0⤊ 3⤋
Blaming Bush for idiots that bought more house than they can afford is beyond partisan politiics and sinking into the pathetic.
2007-12-24 20:49:44 · answer #9 · answered by netnazivictim 5 · 1⤊ 1⤋
For the same reason that many of the very rich in the United States have homes in foreign countries. Because they can afford to.
2007-12-24 19:47:58 · answer #10 · answered by Return of Bite My Shiny Metal... 7 · 0⤊ 5⤋