In South African News Today... (About US Real Estate)

Asked by André, South Africa Wed Jan 30, 2008

Many Americans are anxious about the real estate market. But foreign investors see U.S. apartments, hotels, shopping centers, warehouses and offices as good investments, according to a new survey. The weak dollar has made the American real estate market look attractive to foreign bargain hunters. The U.S. rose to the top of lists of the “most stable and secure” countries for real estate investment and the countries with the best opportunity for appreciation, according to the 16th annual survey of the Association of Foreign Investors in Real Estate (AFIRE)released Jan. 28. New York City and Washington D.C. were the top two global “Cities for Foreign Investors’ Real Estate Dollars,” according to the survey. - Positive news for you guys?

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Stacey A. Ma…, , Westfield, MA
Wed Jan 30, 2008
Hi Andre', that is a loaded question, for sure! On the one hand, yes, it is good to know that the global market analysts see US Real Estate as a strong and stable investment. On the other hand, a.) we don't like our dollar being weak compared to other global currency and b.)we have this instinctive aversion to "strangers touching our stuff". I think as a people we would rather be selling commercial goods and food stuffs to foreign investors than our homes and warehouses. I probably should not be stepping forward as the voice of the American People here, so let me say just for myself - it makes me uneasy. Thanks for the news though, interesting to hear from that perspective. Stacey
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