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Huge 36% Plunge In Foreign Buying of US Housing


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2019 Jul 17, 3:27pm   1,211 views  5 comments

by bill   ➕follow (2)   💰tip   ignore  

The Chinese Are Cutting Back on SF Bay Area Homes Purchases! What's to blame? I wanna blame Trump's "Let's-Start-a-Trade-War" + Strong Dollar + Difficult to get money out of China, etc. Canadians, people from India, U.K. and Mexican buyers (maybe Trump's WALL stopped 'em) also cut back purchasing US housing.

https://www.cnbc.com/2019/07/17/foreign-purchases-of-american-homes-plunge-36percent-as-chinese-buyers-flee.html

Comments 1 - 5 of 5        Search these comments

1   RC2006   2019 Jul 17, 3:46pm  

This is great news.
2   Ceffer   2019 Jul 17, 5:20pm  

Market peak. Investors try to capitalize profits, put out more inventory. More inventory=lower prices. Lower prices put the riskiest borrowers underwater. Underwater borrowers=more foreclosures. More foreclosures=lower prices and more inventory etc. etc.

There's one big mansion above my neighborhood that just went into foreclosure and was sold at auction. It's the second time for this home. It was in foreclosure at least once before at the first real estate crash. Santa Cruz for the past year has been dotted with more foreclosures.
3   everything   2019 Jul 18, 7:00pm  

I agree, market peaking up, I wonder how many foreigners are selling now.
4   FortwayeAsFuckJoeBiden   2019 Jul 18, 7:01pm  

Good for American families.
5   Blue   2019 Jul 19, 9:40am  

This is part of the noise. Look for if the construction activity really picking up.

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