International Buyers Lead the Way in California Real Estate

Full story: Patch.com

The President of the California Association of Realtors LeFrancis Arnold said in Malibu recently that Canada, China and Mexico are the three largest international purchasers of real estate in California.
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1 - 10 of 10 Comments Last updated Nov 29, 2012
No Chit

Omaha, NE

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#1
Oct 25, 2012
 

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Most interesting!
Dee Dee Dee

Emmaus, PA

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#2
Oct 25, 2012
 

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With all the tax paying Americans moving out who else would buy there?
jessesToons

Salt Lake City, UT

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#3
Oct 25, 2012
 

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Interesting information about real estate in Los Angeles . Didn't know that was going on. Good information. http://www.1stresponderrealty.com "

Since: May 11

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#4
Oct 25, 2012
 

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jessesToons wrote:
Interesting information about real estate in Los Angeles . Didn't know that was going on. Good information. http://www.1stresponderrealty.com "
LOL, Do they take section 8?
Stop the Madness

Waterbury, CT

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#5
Oct 27, 2012
 

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Why do we allow countries like that to buy our real estate? Why do we allow any non-citizen to own property in this county, never mind a foreign country?
Thought

Omaha, NE

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#6
Oct 27, 2012
 

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Go to the Mexico forum and read an article about how well Mexico is doing these days.

“Facts”

Since: May 08

Puerto Vallarta, Mexico

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#7
Oct 27, 2012
 
Stop the Madness wrote:
Why do we allow countries like that to buy our real estate? Why do we allow any non-citizen to own property in this county, never mind a foreign country?
We are talking about private property.......

Are you saying we should have a law that says you cant sell your property to a non citizen?

Australia has a very high property tax on non citizen owners....
Mexico at one time did not allow any foreigner to own property in the restricted zone but that has all been changed or we would not have Four Seasons and St Regis resorts.
savvy cash flow

Las Vegas, NV

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#10
Nov 11, 2012
 
I have sold many turnkey section 8 homes to Canadians and Koreans. Most of the homes are in midwest but they also buy in Las Vegas as well. All cash buyers.
www.cherrypickreo.com

Since: May 11

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#11
Nov 11, 2012
 

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savvy cash flow wrote:
I have sold many turnkey section 8 homes to Canadians and Koreans. Most of the homes are in midwest but they also buy in Las Vegas as well. All cash buyers.
www.cherrypickreo.com
It's happening in Hawaii too. Mostly Koreans buying that I know of. They buy up 5 acre plots and put up section 8 housing because the federal government and state pays the bills for the welfare. They personally don't live in the area because of the increased crime levels among section 8 renters.
peter tucker

Lansing, MI

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#12
Nov 29, 2012
 

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Know what????? India is growing at 6% per year. That is a lot of madras shirts. Remember those???? Very valuable...but wait......is that a turnip in the blender????
Food is great. but what about George Washington's first ironing board???.Man...that is valuable. have you seen his cleaning bill???
Okay. Time for a change. Guess what??? I am talking about Brazil and it is not nuts!!! Need to know that there are international financial professionals who understand dynamics of historical bonds. That being: There are no PPP for these instruments, nobody is going to pay billions, there are no sovereign buyers, the SEC has nothing to do with these bearer bonds that were issued by various countries, for the explicit purpose of restructuring their debt. The Fed has nothing to do with these..nor does EU. They are private(not world market) transactions that are consummated along the lines of auctions for rare paintings, coins, cars etc. The eccentric millionaire, who craves the last candle lit at Last Supper, or the egg carton that Paul Newman used in "Cool Hand Luke", John Huston's beer mug, Katherine Hepburn's corset from her wedding. I need the "polo pony" types with money to burn and eccentric, elaborate, and expensive tastes...you know...odd balls, who read War and Peace in a day, and retired at age 8. Further and very exciting information forthcoming.Oh yeah..please do not tell me that they are not here. They are hiding

Sender is NOT a United States Securities Dealer or Broker or U.S. Investment adviser. Sender is a Consultant and makes no warranties or representations as to the Buyer, Seller or Transaction. All due diligence is the responsibility of the Buyer . This E-mail letter and the attached related documents are never to be considered a solicitation for any purpose in any form or content. Upon receipt of these documents, the recipient hereby acknowledges this Disclaimer.

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