firpta: FIRPTA: Protecting U.S. Markets or Preventing Foreign Investment? - 12/21/09 08:42 AM
Could repeal of FIRPTA help the recovery of this nation's real estate market?  In this morning's Globe St. News, the subject was FIRPTA (Foreign Investment in Real Property Tax Act), the 1980 measure that adds a layer of tax on the sale of any real estate owned by a non-citizen of the U.S.
The article cites a study by two economists that calls for a reform of FIRPTA to encourage more foreign investment in the United States real estate market.
Would it be so bad, since the U.S. real estate market is basically "on sale," to encourage investment groups from abroad … (2 comments)

Kent Simpson, Real Estate Is About People (Tierra Antigua Realty - Downtown) Rainmaker large

Kent Simpson

Real Estate Is About People

Tucson, AZ

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Tierra Antigua Realty - Downtown

Address: 216 E. Congress Street, Tucson, AZ, 85701

Office: (520) 302-5368

Mobile: (520) 302-5368

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