Japanese purchasing our homes

iVillage Member
Registered: 08-01-2008
Japanese purchasing our homes
11
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?

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Avatar for lucy4980
iVillage Member
Registered: 03-26-2003
Fri, 02-27-2009 - 8:34pm
In that respect, I think it will be self-regulating.

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