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Will foreign real estate buyers push out domestic ones?

Posted on 13 June 2012

As property values have fallen precipitously over the past several years thanks to a catastrophic housing bust, foreign buyers are increasingly eyeing U.S. real estate and snapping up properties in the nation’s hottest markets.
While that might seem like financial suicide to most Americans who have lived through one of the nation’s worst housing crises, the picture looks a whole lot different to international buyers, many of whom hail from rising economic powerhouses abroad. As their home countries have flourished, so too has the affluence among some residents………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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