patrick.net
An Antidote to Corporate Media
1,192,814 comments by 13,872 users - just_passing_through, Patrick online now
Wealthy Russians dump high-end US real estate - OC Housing News
invite response
2015 Jan 15, 6:49am 2,119 views 5 comments
Comments 1 - 5 of 5 Search these comments
HydroCabron
2015 Jan 15, 7:54am
Doesn't matter. They can sell everything they're holding.
Foreign cash buyers will step in and save us.
Peter P
2015 Jan 15, 8:47am
London and the Côte d'Azur have more to worry about. America is not a traditional Russian playground.
MisdemeanorRebel
2015 Jan 15, 9:45am
You haven't been to Miami recently :)
Cyprus must be really upset, though.
Peter P
2015 Jan 15, 9:53am
You haven't been to Miami recently :)
Not my type of place. :-)
Shipyards for super-yachts will be very worried. Traditionally, the largest yachts have been commissioned by Russians and Arabs. The Chinese have not developed a taste for large yacht just yet.
REpro
2015 Jan 15, 4:41pm
Actually Russians with US real estate won.
If they sell property purchased a year ago for same $$, they going to get twice as much Ruble back at home, less some inflation of course.
http://ochousingnews.com/blog/wealthy-russians-dump-high-end-us-real-estate/
As foreign investors need cash to solve domestic problems, they often dump real estate investments in prime US housing markets.
Source: http://ochousingnews.com/blog/wealthy-russians-dump-high-end-us-real-estate/#ixzz3OtyNTuCL
#housing