Property crash pushes third of US homebuyers into negative equity

[kamui]

The bad part is, we have even more foreigners cumming over, exploiting the weak dollar, and buying the place up...pimped our country out we did.

 

Yeah, like US investors didn't do this abroad when the Dollar was high and still did it until recently in Germany e.g.

So don't complain!

[Barry]

What a stupid post.

 

Bollocks it is.

I'm always reading about people wanting to buy Thai real estate and resenting the fact that they can't buy land and face restrictions buying condos.

There's good reason for it. They don't want Thais being priced out by foreign money driving up land values.

The fact that we let foreigners do it to us is down to our stupidity.

 

 

[Barry]

The bad part is' date=' we have even more foreigners cumming over, exploiting the weak dollar, and buying the place up...pimped our country out we did.[/quote']

 

Yeah, like US investors didn't do this abroad when the Dollar was high and still did it until recently in Germany e.g.

So don't complain!

 

Exactly..

I often think that people who can't legally live in my native Australia shouldn't be allowed to invest in real estate there.

 

[Bangkoktraveler]

As property depreciates rapidly, almost everything else has risen. Fuel, food, etc have all risen in cost. What is going to happen next?

[Old Hippie]

More job loses. More foreign investment, continued decline of the American middle class. Rich will get richer of course.

[Bangkoktraveler]

More job loses. More foreign investment, continued decline of the American middle class. Rich will get richer of course.

 

I got a feeling you are right. GWB will go down in some history books as the best President the USA has ever had. Figure it out, I can't.