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Samrob

(4,298 posts)

5. They need to study the impact of foreign investment in housing in the US.

Reply to Demovictory9 (Original post)

Fri Apr 1, 2022, 04:05 AM

Apr 2022

Every recent immigrant I know (8 to be exact) 1 Asian, 4 Russians, 3 Croatians, purchased homes within months of arriving. I know them from the special Ed school my grandsons attend. I do not know them well enough to know how their homes were financed. All but two speak pretty good English. And all are very friendly. Among them they have 19 children. The homes they purchased seem to be in zones where their ethnicities are prevalent. I live in an area close to DC but on the Maryland side. One of the Russian girls was the star basketball player for the high school last year. They seem to all have MONEY. I am just wondering if this is happening all over the US and contributing the rash of over-priced, paper thin town homes and mini mansions springing up all over?

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Signs of a housing bubble are brewing, prices rising to point of "exuberance [View all] Demovictory9 Apr 2022 OP

Um, they overlook those "starter" $1 million 2-bedroom houses are getting all-cash buyers PSPS Apr 2022 #1

That would be the corporations doing that! PortTack Apr 2022 #3

+1, same as last time uponit7771 Apr 2022 #9

And if it happens I hope the GD corporations buying up houses and driving prices even higher PortTack Apr 2022 #2

zillow already got its ass handed to it Demovictory9 Apr 2022 #4

Whoa !!! Didn't know about this. Do you think Zillow has change anything we go off Zillow ... uponit7771 Apr 2022 #10

That part of Zillow is ok MissB Apr 2022 #16

+1, uponit7771 Apr 2022 #18

Zillow closed its house flipping unit Demovictory9 Apr 2022 #19

Yes they did! Althou Zillow was planning on the continued rise in values so they could flip PortTack Apr 2022 #20

They need to study the impact of foreign investment in housing in the US. Samrob Apr 2022 #5

+1, Russia would love to buy up US houses to push up prices and dump them on banks ... uponit7771 Apr 2022 #11

They should actually investigate how they can build affordable housing stock exboyfil Apr 2022 #13

My stepson bought a townhouse in San Francisco several years ago secondwind Apr 2022 #6

Crazy, $5500 a month for rent - that's SF for you :-) n/t iluvtennis Apr 2022 #7

+1, wow and that's only ONE FLOOR !!! uponit7771 Apr 2022 #12

My mom just listed her house exboyfil Apr 2022 #8

Cool. Your mom should cash out as she needs the funds. I did it iluvtennis Apr 2022 #15

One of my neighbors just sold her house at auction. leftyladyfrommo Apr 2022 #14

I've noticed several homes in the last month MissB Apr 2022 #17

There is no supply! mnhtnbb Apr 2022 #21

It's insanity, I get letters offering 600,000+ for my 900 sq. ft. dump Coventina Apr 2022 #22

Houses are not staying on the market even a day Raftergirl Apr 2022 #23