Fsbo

There’s a general ongoing trend that has been simmering for quite sometime now. No, it’s not global warming though it’s also a global matter: it’s the “Buy America” trend.

For much of the world, the United States is now on sale at discount prices. With credit tight, unemployment growing and worries mounting about a potential recession, American business and government leaders are courting foreign money to keep the economy growing. Foreign investors are buying aggressively, taking advantage of American duress and a weak dollar to snap up what many see as bargains, while making inroads to the world’s largest market.

The events of 2007 have made the U.S. much more affordable for international home buyers. Severe dollar declines against the euro and pound have made U.S. homes much cheaper for Europeans. But even foreign buyers without that sort of currency advantage are benefiting from sharp drops in housing prices at a time when problems in mortgage lending are keeping many Americans out of the market. We need foreign investments to keep our economy oiled and chugging along, but where will this lead us?

By Silicon Valley Blogger

This entry was posted on Tuesday, July 29th, 2008 at 5:57 am and is filed under FSBO. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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