We may be all doom and gloom about our real estate market, but foreign investors aren’t. It’s good to remember that real estate always has it’s up and downs. I can remember paying $19,000 for my first house I had built when I moved to Nevada County. It had hardwood floors, a real fire place, custom cabinets and it was 1,900 square feet. Now it’s worth much, much more then that. Like I’ve said many times, when times are good, people think it will be good forever, and when its bad, its bad forever.
So anyhow, here’s a quote from The Dallas Morning News
“Foreign investors are more confident about the U.S. real estate market and expect to spend significantly more this year than in 2008, according to survey results released this week by the Association of Foreign Investors in Real Estate.
Foreign lenders plan to increase real estate loans by 54 percent globally and 58 percent in the United States based on transactions completed as of October, the report found. Foreign equity investors plan to increase their investment activity by 40 percent globally and 73 percent in the United States.”
If you have time, read the full article, foreign investors know the United States is a great place to buy real estate. I do too.