Sales in the US/Miami are predominately international buyers

So I see a gentleman yesterday, who is in the South Florida Real Estate market. He tells me that in 2 years, he has sold property to just 2 American citizens. WOW, unbelievable, so what are the rest of his clientele??? Non American clientele, I think to myself, this can't be so. So the curiosity in me took over and I had to do research myself. Surprise, in the downtown Miami market, 90 percent of all real estate sales are to foreigners (non citizens). I am astonished, the numbers are so high, as, of course, surprise, the Media won't tell us that, we have to do our research to find it out.

"In downtown Miami, 90 percent of sales were international, primarily to investors, according to Integra Realty Resources and the city’s downtown promotion agency". quote from Reuters

http://www.reuters.com/article/2014/...0FX0X920140728

In San Francisco, sales to foreign clients up 35%,
"Based on responses from 3,547 agents, the report said that for the 12 months that ended in March, foreign clients purchased $92.2 billion worth of existing U.S. homes, up 35 percent from the previous 12 months. Foreign purchases represented 7 percent of total dollars spent on existing homes in the latest period. About half of these foreign buyers live outside the United States; the other half are recent immigrants or here on temporary visas".

Overall the Chinese buyers alone have increased to 16% throughout the US since 2007
http://www.bloombergview.com/article...est?cmpid=yhoo

In my community alone, the last 4 buyer have been Canadians.

It is looking more and more like Americans will be renting from "the foreigners" in our own country. Sad but true.

Hedge Fund (Hyenas) Managers...
Almost moved to Miami a few years ago.
Miami (the parts where most want to live or would like to live)
is some of the most overvalued real estate in the country... Gentrification.
I prefer the southwest coast of Florida.
Away from a lot of the fake BS and the look at me people.
Florida still has the highest foreclosure rate in the nation.

I love Guaro...

So I see a gentleman yesterday, who is in the South Florida Real Estate market. He tells me that in 2 years, he has sold property to just 2 American citizens. WOW, unbelievable, so what are the rest of his clientele??? Non American clientele, I think to myself, this can't be so. So the curiosity in me took over and I had to do research myself. Surprise, in the downtown Miami market, 90 percent of all real estate sales are to foreigners (non citizens). I am astonished, the numbers are so high, as, of course, surprise, the Media won't tell us that, we have to do our research to find it out.

"In downtown Miami, 90 percent of sales were international, primarily to investors, according to Integra Realty Resources and the city’s downtown promotion agency". quote from Reuters

http://www.reuters.com/article/2014/...0FX0X920140728

In San Francisco, sales to foreign clients up 35%,
"Based on responses from 3,547 agents, the report said that for the 12 months that ended in March, foreign clients purchased $92.2 billion worth of existing U.S. homes, up 35 percent from the previous 12 months. Foreign purchases represented 7 percent of total dollars spent on existing homes in the latest period. About half of these foreign buyers live outside the United States; the other half are recent immigrants or here on temporary visas".

Overall the Chinese buyers alone have increased to 16% throughout the US since 2007
http://www.bloombergview.com/article...est?cmpid=yhoo

In my community alone, the last 4 buyer have been Canadians.

It is looking more and more like Americans will be renting from "the foreigners" in our own country. Sad but true. Originally Posted by Cherie

Curious what your solution is.

Get back to our founding principles: only white males can own land and vote.

Get back to our founding principles: only white males can own land and vote. Originally Posted by Stanfeld

At least you didn't call for ownership of the foreigners ... That's an improvement.

Well, we should be able to own Canadians...

Well, we should be able to own Canadians... Originally Posted by Stanfeld

Since the Chinese own US, what we own is owned by the Chinese. Well ...

.....with a little help from their enemies ...

http://www.treasury.gov/ticdata/Publish/mfh.txt

It's really problematic to try to keep one's bankers out of "the neighborhood."

The Canadians are trying disparately to send oil down a pipeline to us.

If they would only "send" some of the hot babes who "provide" this way!

Sample: http://www.eccie.net/providers.php?do=view&id=270723

.

If they would only "send" some of the hot babes who "provide" this way!

Sample: http://www.eccie.net/providers.php?do=view&id=270723 Originally Posted by LexusLover

I agree, Canadian hookers are some of the best!