Anyone who bought a home -- or tried to -- over the past couple of years knows that it was rip-roaringly competitive, with buyers offering well above asking price and all-cash deals. But it actually could have been worse. One group all but disappeared from the market during the pandemic: Foreign buyers.
But now foreign real estate investments are slowly coming back, according to a survey from the National Association of Realtors. Travel restrictions during the pandemic barred prospective buyers from abroad from traveling to the US and shopping for homes. But with those restrictions falling away -- along with many Covid testing requirements -- foreign buyers have returned. Between April 2021 and March of this year, international buyers snatched up $59 billion worth of US residential properties.
Though know one had any money?
This lack of 'pesky regulation' is going to royally fuck the kids at the age of 1st time home buying as it's hard to compete with 20% over comps cash offer as a barely broke young professional.....but if you don't vote and 'both sides' everything, Ooof get u some free market cap!
Bear markets provide the greatest accumulating opportunity for those with conviction in bitcoin, but they are the most dangerous for speculators. If you aren’t following evancabral_ you should be. There aren’t many who have a better understanding of value investing, great TA