Is foreiners buying real estate in America bad for America?

Is it bad that foreigner come to the US and buy real estate? A current article click here, talks about how the Chinese bought real estate in Teledo. Yet another article click here, talks about Hungarian’s to set up a fund to buy 500 homes in Michigan and Georgia. Is that a bad thing?

Foreigners look to the US real estate market and see deals. While most of the people who life here are scared to buy now. Why are we the only ones when real estate is cheap we don’t want to buy, but when a sale is going on at a store they will drive out of there way to get the lowest price.

If you remember in the late 80’s the Japanese where buy up real estate all across the US. And we thought they where going to take over the country, did it happen? No over the years some of them sold off there holdings and made a profit. But in the time they were holding on to it they employed Americans to fix and manage the properties.at a store is going they make a special trip just for the sale item? I don’t get it.

 Look at some other investments that are made by Larry Ellison click here, he is buying 98% of Lanai. Or one of my previous post about Warren Buffett whose Berkshire Hathaway is looking to buy Residential Capital LLC Click Here.

Yes I do understand that those are big deals but there are small deals out there you just have to go out and find them. If the big investors are getting into real estate don’t you think it might be time for you to do the same?

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