Japanese purchasing our homes
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Japanese purchasing our homes
| Thu, 02-26-2009 - 12:32pm |
I saw in the news yesterday that several groups of Japanese people went to California to purchase homes that were on sale and homes on foreclosure. That's well and good for the banks and the owners of those homes but might this become a trend? They came by the bus full! What will this do to our economy? Is this a good idea? Isn't selling our homes the same as large companies hiring foreigners? How can this improve our own economy. Wouldn't it be better if we kept the money here?
I'm not a financial whiz... What are your thoughts?
I'm not a financial whiz... What are your thoughts?

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Maybe it's because of where I live, but I don't see it being a huge issue.
This was very common in the last real estate recession. It was very common for the
Many homes in my neighborhood have been vacant for months - and months and months.
Hi :)
I just wondered how this affects Americans who would eventually buy when given the opportunity, hopefully in the near future. Owning a house is a good investment for people that live here. I would think that people from other countries are in it for the investment and will make the housing market fly back up in $ value and we will have the same problem surface again of homes costing more than they are really worth...
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