Wealthy foreigners bought $100B in US real estate
[{"id": "csf896c", "text": "I don't think it should be a surprise for anyone.  Foreign direct investment in real estate has been hot for a while.  The Chinese and Russians are getting their money out of the country as fast as they can and the US is definitely the most stable place for them to put it.", "replies": [], "depth": 1}, {"id": "csh2l57", "text": "I remember a fantastic magazine piece about 30yrs ago (Yes, before the internet) talking about all the Japanese money pouring into the US buying all the biggest RE in the land and how we were losing our country to foreign interests.\n\nThen one economist stepped up and basically stated how it was great that all this money was pouring into our country and we weren't losing anything.  He made a very valid point, that all this money was pouring in but at the same time these foreigners didn't affect laws or vote.  Which essentially meant they were bringing their money here into our economy for us to use and that was it.   Seems as true as ever to me. ", "replies": [{"id": "csh5zct", "text": "Very well said.  ", "replies": [], "depth": 2}], "depth": 1}]