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by mywittyname
3605 days ago
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It looks like foreign buyers are also speculating. The difference is that it seems that foreign buyers are interest in long-term holding (instead of quick flips) and they are paying in cash. So there's no risk of them being forced to sell at the bottom, like what happened to Americans, because there will be no 5/1 ARM that needs to be refinanced. Since these buyers paid in cash, so most of them will be able to weather a storm. |
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