Comments on: Investing in America, as The American Dream Crumbles. http://www.biggerpockets.com/renewsblog/2008/03/05/investing-in-america-as-the-american-dream-crumbles/ Learn, Network, Invest Thu, 16 Oct 2008 03:03:55 +0000 http://wordpress.org/?v=2.6.1 By: Ben DeBell http://www.biggerpockets.com/renewsblog/2008/03/05/investing-in-america-as-the-american-dream-crumbles/#comment-55080 Ben DeBell Fri, 07 Mar 2008 04:14:27 +0000 http://www.biggerpockets.com/renewsblog/2008/03/05/investing-in-america-as-the-american-dream-crumbles/#comment-55080 I find the definition of foreign real estate investor interesting here – “as someone who has legally entered the United States to buy a home.” How does the National Association of Realtors know that these people aren’t interested in remaining in the country? Isn’t it possible that new immigrants with money would be “someone who has legally entered the United States” and bought a home – to live in? I find the definition of foreign real estate investor interesting here – “as someone who has legally entered the United States to buy a home.” How does the National Association of Realtors know that these people aren’t interested in remaining in the country? Isn’t it possible that new immigrants with money would be “someone who has legally entered the United States” and bought a home – to live in?

]]> By: Gregory Bain http://www.biggerpockets.com/renewsblog/2008/03/05/investing-in-america-as-the-american-dream-crumbles/#comment-55073 Gregory Bain Thu, 06 Mar 2008 16:24:28 +0000 http://www.biggerpockets.com/renewsblog/2008/03/05/investing-in-america-as-the-american-dream-crumbles/#comment-55073 Investing in "business" is not the same as investment in real estate. History is not repeating, but being made. Stocks allow votes. Votes to change business practices as we know it. We are living in some very interesting times. Investing in “business” is not the same as investment in real estate. History is not repeating, but being made. Stocks allow votes. Votes to change business practices as we know it. We are living in some very interesting times.

]]> By: Chihuahua teacup http://www.biggerpockets.com/renewsblog/2008/03/05/investing-in-america-as-the-american-dream-crumbles/#comment-55072 Chihuahua teacup Thu, 06 Mar 2008 16:11:25 +0000 http://www.biggerpockets.com/renewsblog/2008/03/05/investing-in-america-as-the-american-dream-crumbles/#comment-55072 Uncle sam is the best...U.S.A all the way Uncle sam is the best…U.S.A all the way

]]> By: Rick Marnon, Howell http://www.biggerpockets.com/renewsblog/2008/03/05/investing-in-america-as-the-american-dream-crumbles/#comment-55051 Rick Marnon, Howell Wed, 05 Mar 2008 20:23:50 +0000 http://www.biggerpockets.com/renewsblog/2008/03/05/investing-in-america-as-the-american-dream-crumbles/#comment-55051 I am going to post part of this article on my blog. I think that anybody looking to buy or sell should see this. I am going to post part of this article on my blog. I think that anybody looking to buy or sell should see this.

]]> By: Michael Creel http://www.biggerpockets.com/renewsblog/2008/03/05/investing-in-america-as-the-american-dream-crumbles/#comment-55050 Michael Creel Wed, 05 Mar 2008 19:43:46 +0000 http://www.biggerpockets.com/renewsblog/2008/03/05/investing-in-america-as-the-american-dream-crumbles/#comment-55050 Yes, we can hope history repeats itself, but if it does not? Yes, we can hope history repeats itself, but if it does not?

]]> By: Rehab702 http://www.biggerpockets.com/renewsblog/2008/03/05/investing-in-america-as-the-american-dream-crumbles/#comment-55049 Rehab702 Wed, 05 Mar 2008 19:30:38 +0000 http://www.biggerpockets.com/renewsblog/2008/03/05/investing-in-america-as-the-american-dream-crumbles/#comment-55049 Foreigners investing in US real estate is not a new phenomenon. A couple of decades ago the Japanese were buying everything in sight because the Yen had risen very sharply against the dollar. Back then everything looked cheap to them. People were horrified when the Japanese bought the American icon of Rockefeller Center. Fast-forward a few years; the Japanese economy was in a shambles and the Yen had fallen precipitously vs. the dollar. These same Japanese investors liquidated their holdings for pennies on the dollar and left. In the end, the US economy was the winner having sold high and bought back at lower prices. We can only hope that history repeats itself in this instance since we have a very rocky road ahead. Foreigners investing in US real estate is not a new phenomenon. A couple of decades ago the Japanese were buying everything in sight because the Yen had risen very sharply against the dollar. Back then everything looked cheap to them. People were horrified when the Japanese bought the American icon of Rockefeller Center. Fast-forward a few years; the Japanese economy was in a shambles and the Yen had fallen precipitously vs. the dollar. These same Japanese investors liquidated their holdings for pennies on the dollar and left. In the end, the US economy was the winner having sold high and bought back at lower prices. We can only hope that history repeats itself in this instance since we have a very rocky road ahead.

]]> By: Michael Creel http://www.biggerpockets.com/renewsblog/2008/03/05/investing-in-america-as-the-american-dream-crumbles/#comment-55048 Michael Creel Wed, 05 Mar 2008 18:46:31 +0000 http://www.biggerpockets.com/renewsblog/2008/03/05/investing-in-america-as-the-american-dream-crumbles/#comment-55048 I was amazed at just how much of it we were selling! In the 1980's the Japanese bought massive real estate holdings in the U.S. and there was concerns then; but as it turned out, they lost their "you know whats". Times were different then, and now our economy is weak, our dollar is weak, and we may be in trouble. Selling our greatest assets to overseas investors for quick-fix cash, is a mistake. Soon they will go after our struggling builders and buy them out. I was amazed at just how much of it we were selling! In the 1980’s the Japanese bought massive real estate holdings in the U.S. and there was concerns then; but as it turned out, they lost their “you know whats”.

Times were different then, and now our economy is weak, our dollar is weak, and we may be in trouble. Selling our greatest assets to overseas investors for quick-fix cash, is a mistake. Soon they will go after our struggling builders and buy them out.

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