Best news I’ve heard in awhile, but that’s only Agriculture isn’t it? Although the Foreign buying of Existing Homes is also at the lowest since 2009. Cheers!
Let me say first that the US Housing and Banking market cannot be summarized in a few paragraphs, but:
Actually prices have gone down across the rural USA, but monthly payments are the same or higher than before Covid, ever since the Rate Hikes started. If family homes aren’t being treated as monetary assets to store wealth overseas, then maybe somebody might actually live in them and slowly build equity, and in that vein the supply for homes increases along with a decrease in demand, so if you’re concerned about the price of homes then you should still celebrate this lower number of foreign buyers. In fact, I guarantee you that the high rates of homes affects civilians a lot more than Investors and Banks, the latter can afford to purchase outright, so that’s definitely not a cause for this situation.
So like, it’s not just foreign investors that are buying up US housing. It’s also domestic ones.
The probably is that useful idiots like the guy you’re replying to think that it’s better to be taken advantage of domestically instead of abroad, even if the outcome is the same.
Best news I’ve heard in awhile, but that’s only Agriculture isn’t it? Although the Foreign buying of Existing Homes is also at the lowest since 2009. Cheers!
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Let me say first that the US Housing and Banking market cannot be summarized in a few paragraphs, but:
Actually prices have gone down across the rural USA, but monthly payments are the same or higher than before Covid, ever since the Rate Hikes started. If family homes aren’t being treated as monetary assets to store wealth overseas, then maybe somebody might actually live in them and slowly build equity, and in that vein the supply for homes increases along with a decrease in demand, so if you’re concerned about the price of homes then you should still celebrate this lower number of foreign buyers. In fact, I guarantee you that the high rates of homes affects civilians a lot more than Investors and Banks, the latter can afford to purchase outright, so that’s definitely not a cause for this situation.
Lower prices are better prices. The idea that a person could buy a house and flip it for double within a decade is ridiculous, and harms the country.
So like, it’s not just foreign investors that are buying up US housing. It’s also domestic ones.
The probably is that useful idiots like the guy you’re replying to think that it’s better to be taken advantage of domestically instead of abroad, even if the outcome is the same.