What country is spending more money on US real estate then all the rest? Australia. Our friends down under have spent almost $700 million on California office buildings and shopping malls since November.
Find out why the Australians are so interested in investing in American real estate.
Article Author:
Joshua DorkinJoshua has written 540 articles for us.
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BiggerPockets.com was founded by Joshua Reed Dorkin in August 2004. An entrepreneur, web designer, real estate investor, and one-time realtor, Joshua was not satisfied by the online offerings of other real estate sites out there, and decided to build one himself. Mr. Dorkin's vision for BiggerPockets has helped to propel it into becoming one of the top real estate destinations online. His vision for the site and its future has brought national press attention to both Mr. Dorkin and to BiggerPockets.
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A recent post on Moneysmartz mentions your site. Moneysmartz recently launched with a mission of identifying the best personal finance websites and blogs. Here’s a link to the post:
http://www.moneysmartz.com/weblog/archives/blogs/real_estate_investing_blogs/index.html
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I remember when Japan’s economy was strong and we were weaker in comparison, the buzz was all about Japan buying up our real-estate, now we are worried about China and Australia? This kind of thing happens all the time, it’s just the ebb and flow of the world economy.