Finding an unusual amount of foreign cash buyers in your market?
Personally when I hear folks say they think the "Worlds going to Hell in a hand basket" I take pause with a slight whence then a smile and a gleam in my eyes.
Not that I think it's a good thing to see the World in such turmoil but moreover because I'm seeing a lot of off shore $$$ showing up on our shore. Now is that a good or bad thing?
Shortly after America's economy tanked in '08 we started seeing an inordinate amount of real estate and stock investors with boatloads of $$$ starting to buy up homes, apartments, hotels, resorts, commercial and even industrial properties like crazy. In fact many Chinese investors are even buying up sections of blighted properties in the downtown Detroit area.
If that seems like such a bad thing then maybe you should take a look at what Singapore looked like before China started gentrifying many of their urban
land, sky and nightscape's. Would that be such a bad outcome for Detroit? I mean come on. If the United States Government doesn't have the doe, ray, me to step up why let our Urban areas continue to decay away into oblivion?
Then there's the stock market which even with its own set of circumstances and volatility seems to be about the safest place in the World to put some of your offshore cash.
Doesn't it seem a bit odd that these $Billions$ if not $Trillions$ of offshore $$$ are allowed to start buying up America yet our government won't allow American companies to repatriate their holdings back home without severe penalties and excessive taxation? Just sayin...........
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