There was a story I was looking at on the Drudge report yesterday. It looks like with the weak dollar foreign money is pouring in to our country. European travelers have been spending a of money for I- Phones to luxury condos in America. The newest sale was a majority share of Manhattan's historic Flatiron Building. It was the tallest building in New York in 1902 with 22-stories. Located on Fifth Avenue, Broadway and 23 St. It was purchased by A top Italian real estate investor. I also believe that the Crystler Building was also purchased by a company from the middle east. So with the dollar so weak America contiunes to look like a good buy for foreign investors. Do you think they know that the real estate market is going to turn around? www.nickensmaui.com/wailea_condos.htm
We heard the same story in the 80's with Japan coming over to buy everything they could get their hands on. We can go there and do the same, but our title laws make it much more beneficial to buy here as opposed to there
I have no problem with foreign buyers. It is a international market place.
Steve
Hi Steve .. . I certainly hope they know something! Investment is always a good sign.
Steven- Bring me the foreign buyers! Foreign Investors or American, know a good deal when they see one and they know the market will pick back up sooner or later.
Very interesting.....by now you probably already heard that a company in Belgium ( i believe) OFFERED (unsolicited) to buy Budweiser!!!!!!! Just flat out buy the whole company---I havent heard yet if they will take that offer---but i doubt it.....i hope they dont sell out.......that's American history
Lisa... not to disagree, but I surely think that the Flatiron Building or The Chrysler Building are as much a part of American history as Budweiser Beer... they just do not taste as good on a hot day at the Ballpark!
Lori you are right on the money savy investors know when to buy and it's not when prices are going up.
Steve
Lisa, If the Germans or Belgium buy Bud I think they will make a better beer. I love there dark beer but I can only have one because it makes me fat.
Steve
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