Foreigners can afford it

From Newsweek:

America’s High Mortgage Rates Aren’t Deterring Foreign Buyers

While many Americans have dropped out of the housing market in recent months, with sales falling year-over-year in six out of the past eight months, the number of foreign buyers snatching homes in the U.S. has risen despite growing economic concerns and historically high mortgage rates.

Sales of existing homes to foreigners hit $56 billion in the year through March 2025, according to the National Association of Realtors (NAR), up by a third compared to a year earlier. Meanwhile, this spring the U.S. housing market reported its worst-selling season in over a decade among domestic buyers.

The two things, experts say, may be connected, as foreign investors take advantage of the vacuum left by struggling American homebuyers.

Demand from U.S. homebuyers has dropped in recent months, as mortgage rates remained between 6.5 percent and 7 percent and prices kept rising year-over-year in most of the country, with some exceptions in those markets that became most overheated during the pandemic.

Less demand from Americans, which is slowly putting downward pressure on home prices, has made it easier for foreign buyers to swoop in, especially as the value of the U.S. dollar against other currencies dropped by 11 percent in the first half of the year, according to Morgan Stanley.

In fact, according to the NAR report on international buyers, foreign buyers were more likely to pay all cash (47 percent of their purchases in the year up to March were all cash, compared to 28 percent overall) and to buy more expensive properties.

“For U.S. residents, we’re in a period where mortgage rates are high, and the cost of homes as a percent of income is very high—this is driving demand down, but the same factors don’t hold back non-U.S. buyers who want to deal in all cash,” Mike Chambers, CEO of real estate tech startup Ridley, told Newsweek.

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96 Responses to Foreigners can afford it

  1. Juice Box says:

    Science?

    The Trump administration is expected to make an announcement Monday linking pregnant women’s use of Tylenol to autism, according to The Washington Post.
    Federal health officials will also reportedly highlight leucovorin as a potential autism treatment.

  2. VSG says:

    Trump’s $100,000 H-1B fee sparks a global race to grab top talent
    PUBLISHED MON, SEP 22 202
    6:24 AM EDT UPDATED 19 MIN AGO

    Sam Meredith

    The Trump administration’s revamp of the H-1B visa program is widely regarded as an opportunity for other major economies.

    The U.K., Europe, Middle East and Asia are thought to be among those that stand to benefit in the race to recruit top global talent

  3. VSG says:

    The world has now an opportunity to grab global talent.

    No need to worry, we will keep crazy Eddie

  4. grim says:

    Tylenol (Acetominophen) is the single largest cause of liver failure in the US, and causes more than 500 deaths every year – with a big part of these being unintentional (let’s at least acknowledge suicide).

    It’s not a safe drug, it’s a drug whose perception of safety has been shaped by decades of marketing.

    The line between effective and dangerous is surprisingly narrow, and the maximum recommended doses are arguably all far too high for many.

    None of this has to do with autism, but “Tylenol” doesn’t deserve its reputation.

  5. Juice Box says:

    Tylenol – is Kenvue Inc. is out of Summit NJ.. formerly J&J was spun off two years ago.

    Employees : 22,000 (2024)
    Revenue: 15.44 billion USD (2023)

    https://www.google.com/search?q=Kenvue+Inc+NYSE

  6. grim says:

    Another administration dump and pump?

  7. Juice Box says:

    Ai says no link between Tylenol and Autism.

    It even says bad genetics. No real evidence of that either.

  8. Hughesrep says:

    We don’t need science, we have Jesus. Until ICE picks him up.

  9. Juice Box says:

    AI might be wrong too..

    Did they survey the moms about what drugs they were taking during pregnancy? Or would that be bad manners?

    “Acetaminophen is known to cross the placental barrier and may trigger oxidative stress, disrupt hormones, and cause epigenetic changes that interfere with fetal brain development.”

    https://www.mountsinai.org/about/newsroom/2025/mount-sinai-study-supports-evidence-that-prenatal-acetaminophen-use-may-be-linked-to-increased-risk-of-autism-and-adhd

  10. Dark Phoenix says:

    Wanna avoid autism? Have your kids in your 20’s instead of your 40’s.

  11. Dark Phoenix says:

    Got cancer? Take Tylenol.

    We don’t want you dying as a drug addict. Just trying to protect your reputation.

    Otoh, need other drugs? No problem. Get connected with the right individuals.

    Guys liike Ep-stein can get anything your local pharmacy has. Or Biden’s son.

    It’ll get you the ladies too, they love their Xa nax, co caine and Ad derall.

    Garth says, “party on”

  12. Dark Phoenix says:

    A new survey finds that half of Gen Z and millennials are attracted to dates who openly discuss their income, a stark contrast to older generations who view money talk as a dating taboo.

    Bring your bank statement to the date. She wants to look at it before taking you home.
    No guy who likes a girl and is a real man will ask her income information. Remember Pretty Woman?

    Capitalism. Where everything is transactional.

  13. 3b says:

    Is the 100k H 1B visa fee really a problem for the likes of Apple, Microsoft, Amazon, etc? Just asking?

  14. Chicago says:

    I was with my son at the Toyota dealership for service last December 27th. Our coordinator’s name was Jesus. My first comment was “Happy Belated Birthday”. My son’s first reaction was that he wanted to hide under the desk, but afterwards he reconsidered and said “that was so quick witted”.

    says:
    September 22, 2025 at 7:56 am
    We don’t need science, we have Jesus. Until ICE picks him up.

  15. 3b says:

    Dark: Maybe it’s good to have these financial discussions, not on the first date of course. There are some lazy people out there who don’t want to work hard, or others with lots of student loan and or credit card debt outstanding. Just saying.

  16. Chicago says:

    https://www.yesigiveafig.com/p/yes-i-voted-for-this-small-part?trk=feed-detail_main-feed-card_feed-article-content

    VSG says:
    September 22, 2025 at 7:01 am
    The world has now an opportunity to grab global talent.

    No need to worry, we will keep crazy Eddie

  17. Chicago says:

    “Yet the outrage overlooked a simple fact: American families already spend far more than $100K for their children to compete for the same jobs. A four-year degree from a state university costs roughly $ 120,000, including living expenses. Private universities run two to three times that. Student loans and interest can push the effective cost toward $200-500K. And after four (minimum) years of investment, new graduates are increasingly struggling to find employment.

    By contrast, under today’s H-1B lottery, an employer pays just $10 to enter a foreign worker into consideration. American families invest hundreds of thousands of dollars; firms risk the price of a sandwich.

    A $100,000 H-1B fee is not punitive. It recognizes that work permits are scarce public assets, not raffle tickets. We auction spectrum, carbon permits, and taxi medallions. The same logic should apply to foreign worker visas.”

  18. Chicago says:

    Ten 412. Not notable, but current FYI

  19. 3b says:

    According to a WSJ article the push to return to the office is stalling out. Companies have too many other things to worry about is one of the apparent reasons. Also away from the big names like JP Morgan and Amazon, most smaller companies still have hybrid.

  20. BRT says:

    I for one am actually for the advertising of medications on TV in our current climate. Especially when they inform you that certain “side effects” are “sudden death”. I’m just still trying to figure out how they got approved.

  21. Juice Box says:

    BRt – Simple money.

    Pfizer just paid 7 Billion a startup drug company, “pre-revenue” that has only been in business for 3 years. They have a few weight loss candidate drugs… Pfizer’s own weight loss drug in trials was cancelled due to liver damage. It was in the pill form…
    They are all looking for the pill form weight loss drug that won’t kill you from side effects.

    Anyone remember “fen-phen”?

    Semaglutide is linked to “heart shrinkage”… Does that mean a smaller heart or a shorter life? Not really sure.

    Who knew?

  22. Chicago says:

    Juice: as you likely know, much of the weight loss associated with GLP-1’s is muscle, not just fat. Heart is a muscle, ergo.

  23. White Trash Eddie says:

    Are we still fighting the oligarchy or did we defeat them?

  24. Ex says:

    9:54 you can barely spell oligarchy

  25. BRT says:

    I’m usually about 10 to 15 lbs overweight after each winter, lose it all by the summer just by eating what I grow outside. I managed to not do that this past year. Probably added 10 lbs of muscle the past summer as I started lifting again. Got my knees to a point where I was able to play basketball with my son and his friends at the playground once a week this summer. Started riding the bike again as well. At age 45, I’m probably in better shape now than I was at age 25. I’d hate to see a comparison of what I would look like if I took a weight loss drug instead.

  26. BRT says:

    Chi, I drove by that Kushner? construction right outside Colt’s Neck High School this weekend….definitely a downgrade for the town. What an eyesore in the middle of a beautiful road of well kept farmlands.

  27. Chicago says:

    Ex: I swear I thought it was going to be footage of that Charlie Kirk cult meeting at the stadium in AZ. Something about it feels like a Scientology event. Is everyone Clear now?

  28. 3b says:

    A gunman stormed a wedding reception in New Hampshire, and started shooting, shouting free Palestine. One person killed trying to protect his family.

  29. Ex says:

    10:54 people started leaving once Trump stood up there and started rambling incoherently. I don’t blame them, I cannot listen to the guy.

  30. Ex says:

    10:57 your mom was saved because she was on her knees blowing the best man.

  31. 3b says:

    Ex: To make a comment like that, you have a black soul.

  32. White Trash Eddie says:

    Indices are all green again. Liberals rage as they search for some way to counter with a message, any message that will counter the American revival.

  33. Ex says:

    11:03? I’m just glad she’s safe. But yes my soul is soooooo dark. I’m like a Goth.

  34. 3b says:

    Ex: Making nasty comments about someone’s mother, or spouse of children, is a new low even for you.

  35. Ex says:

    Stay tuned!! I’ll go lower. Though I’m not a big “mocking children” type. Mothers and wives – fair game. Lord knows I’ve heard a lot about my wife on here already. Now, if you will excuse me…..time to wake & bake

  36. Dark Phoenix says:

    3b says:
    September 22, 2025 at 11:17 am
    Ex: Making nasty comments about someone’s mother, or spouse of children, is a new low even for you.

    You never met my ex.

    Oh, and is the new Orwell movie considered “political?”

    Trailer looks like it’s going to be a documentary.

  37. Dark Phoenix says:

    Two “mom” videoes I watched this morning.

    Mom leaves 6 kids at the beach alone for an hour while she goes to Walmart, oldest was ten, youngest was 4.

    Mom number 2 lets her 4 year old alone on the street riding a bike. Neighbor says something to her, then drives home 2 houses down. Mom walks down to her and hits her in the face with a can of red bull type drink.

    Draw your own conclusions.

  38. Libturd says:

    Did she get wings?

  39. 3b says:

    Ex: I should not be surprised you can go lower, being your age and unemployed for multiple years, lends to anger on your part, and of course lots of free time.

    As for your wife, I don’t recall anything ever saying anything negative about her. What was said is that you are a kept man, you basically told us that yourself. You told us she makes a ton of money, and you moved for her career. Nothing wrong with that, but you have a problem with it, and so that explains all the rage and anger on your part.

  40. Libturd says:

    I see Ex differently. I think the rage stems from having to listen to all of the right wingnuts on here for decades complain about every iota of their lives and poof, Trump gets elected and like Midas, everything in their life is suddenly golden. When in reality, things are as shitty as they ever were. Maybe worse, depending on whether you care about human rights.

  41. Juice Box says:

    Lib – Footloose has been threatening people on this blog since he first joined a long long long time ago.

    The only time he is anything but a sour aserbic old man is when he is high.

    Wake and Bake at 8:30 PST time? Really?

  42. Juice Box says:

    Interesting if true. Trump prevented the Japanese from shutting down the US Steel Plant they now own in Granite City, Ill.

    https://www.cnbc.com/2025/09/20/trump-golden-share-us-steel.html

  43. Fast Eddie says:

    Trump gets elected and like Midas, everything in their life is suddenly golden. When in reality, things are as shitty as they ever were.

    Not suddenly golden but a sense of optimism that rational thinking and common sense has returned. And if things are as shitty as they ever were, it’s an indication that damage due to democrat ‘leadership’ is going to take considerably longer than nine months of a presidency to fix.

  44. VSG says:

    Charlie’s widow for Nobel Peace Prize?

  45. Libturd says:

    The guy who keeps blowing up poor fishing boats deserves it more.

  46. Juice Box says:

    Barack Obama got the Nobel Peace Prize and the fact is he blew up more allot more brown people than Trump.

  47. White Trash Eddie says:

    Quiz: Tampon Tim shorted TSLA stock when it was $220 per share. Perform your research and a) determine TSLA current stock price and b) the sexu@l acts Tampon Tim will need to perform to get out of massive debt.

  48. grim says:

    Is the 100k H 1B visa fee really a problem for the likes of Apple, Microsoft, Amazon, etc? Just asking?

    Amazon has roughly 12,000 H1B’s approved in 2025.

    That would be a fee of $1.2 billion dollars. Adding Apple and Microsoft would take that number to roughly 22,000 in total, so $2.2 billion in fees.

    I think the bigger factor is that the fee is per person, not per “role”, so any attrition, scaling down, that’s very painful as you are amortizing that $100k fee over far fewer years.

  49. grim says:

    What I’m not sure of is of the 700,000 or so H1B’s in the US today, how many of the annual applications are replacements for lost workers, project based work, etc.

  50. chicagofinance says:

    Lib: I forgot. When is the offical 20 year of this blog?

    Libturd says:
    September 22, 2025 at 12:07 pm
    I see Ex differently. I think the rage stems from having to listen to all of the right wingnuts on here for decades complain about every iota of their lives and poof

  51. chicagofinance says:

    Yesterday…… decades is correct as of 9/21

    chicagofinance says:
    September 22, 2025 at 2:56 pm
    Lib: I forgot. When is the offical 20 year of this blog?

  52. 3b says:

    Grim: The 100k charge does not apply to existing visa holders or renewals only new hires. That is how I understand it.

  53. 3b says:

    Lib: I love ya man, but I think you recovering for him, He has been deteriorating for the last few years, and getting especially bad over the last couple of years. He has just turned into a complete nasty prick. I don’t see anyone else here bringing whatever personal issues or demons or insecurities they have to the blog, and then just lashing out at people. This mornings comment by him was especially nasty and totally unwarranted.

    As far as your comment on the right wingers here, how many are there? I can think of only three that I would say are hard core MAGA/Right, and that would be Fast, Small Gov,and Jim. And Fast is funny, and he is certainly not miserable like Ex. And he does not engage in nastiness and vitriol. I even offered last week to have us both just ignore each other when we post, and that would not have been hard for me, as I post very little these days. It is obvious he has no interest in that, and that’s fine I would have tried to ignore him anyhow, but that comment this morning was just a new low for him. A 60 year old man engaging in that kind of talk is unacceptable. If he needs help then she should go get some therapy, and stop with his tiresome bull s on the blog.

  54. 3b says:

    Jimmy Kimmel will be back on Tuesday. His contract is up in a few months it will be interesting to see how this plays out going forward.

  55. White Trash Eddie says:

    Jimmy Kimmel will be back on Tuesday.

    You mean the Disney establishment has more power than the fasc1st, naz1, anti-democracy dictatorship?

  56. Juice Box says:

    Kimmels show loses money.. Late Night TV is dead, leave it buried you cannot dig up an auidence from their graves.

  57. BRT says:

    can anyone on this board chime in. Do you actually watch Jimmy Kimmel?

  58. No One says:

    I watched him in The Man Show with Adam Carolla. I liked Adam better, who has written a couple of pretty good books. Jimmy seems to have subsequently turned into a VJayJay since then. I’ve seen clips of Jimmy crying on his show since then.
    To be honest, I haven’t watched any late night talk shows since maybe Letterman about 30 years ago. Other than occasional clips of people going on shows, like Norm McDonald going on Conan and Letterman.

  59. grim says:

    Yesterday…… decades is correct as of 9/21

    Holy fuck.

  60. grim says:

    Damn, I missed the greatest announcement in the history of America at 4.

  61. grim says:

    Watching now – Holy shit what a dumpster fire of misinformation.

  62. VSG says:

    Some of the funniest, most regarded things said:

    Crazy Eddie asking for help with Yahoo search.

    Leftwing charging libor + 3% interest to his kids.

    3B arguing that Maga won’t release E pstein file to protect Clinton

    hahahaaaa

  63. grim says:

    Is it worth buying Kenvue now? Is the dump in? Is the pump coming?

  64. grim says:

    That press conference was a disgrace to America.

  65. chicagofinance says:

    If it wasn’t for COVID, you would have shitcanned this thing like a bitch.

    grim says:
    September 22, 2025 at 5:53 pm
    Yesterday…… decades is correct as of 9/21

    Holy fuck.

  66. White Trash Eddie says:

    Hey, can anyone assist with a Yahoo search?

  67. hughesrep says:

    “ Damn, I missed the greatest announcement in the history of America at 4.”

    So far.

  68. Ex says:

    12:07 as usual Lib nails it! BTW I worked last and the year before.
    When I first came to this blog 80% of the talk outside of real estate was vilifying teachers.

  69. Ex says:

    4:54 I’m 59 man, I’m sleep at 9:30 every night.

  70. Ex says:

    1:16 hahaha u ain’t wrong. I is what I is.
    The California lifestyle suits me though.

  71. White Trash Eddie says:

    Two decades of this forum… remarkable. Remember when people posted about economics, housing and ideas? Before the leftist mental patients invaded like a leper colony?

  72. Ex says:

    Re: Real Estate. Around me there are homes bought by foreign nationals, mostly Chinese, where they don’t live in them. They might visit once a year. These places are modest $3m homes currently. I “wonder” what that foreign money does to the market.

  73. Ex says:

    Happy New Year to those who celebrate.

  74. Ex says:

    As a Jew growing up in the Bible Belt, Christianity always felt like a Cult to me.
    A club that I was not a part of and had no interest in joining.

    The older I get I see that alas all religions are cult-like in their own ways. As John Lennon said: ” I like G-d well enough until you put a roof over his head”.

  75. 3b says:

    No, Lib didn’t nail it. He just feels he has to defend you. Your behavior has nothing to do with right wing politics. Get over yourself, and get some therapy.

  76. 3b says:

    VSG: Find the post where said that about Clinton, Trump and Epstein files. You can’t , because I never said it. You need new schtick, same old tired repetitive crap. Take a break.

  77. BRT says:

    You didn’t need to have old age wisdom to figure that out. You could have just picked up a dictionary.

    Cult: noun
    a particular system of religious worship, especially with reference to its rites and ceremonies.

    an instance of great veneration of a person, ideal, or thing, especially as manifested by a body of admirers.

    the physical fitness cult.

    the object of such devotion.

    a group or sect bound together by veneration of the same thing, person, ideal, etc.

    Sociology., a group having a sacred ideology and a set of rites centering around their sacred symbols.

    a religion or sect considered to be false, unorthodox, or extremist, with members often living outside of conventional society under the direction of a charismatic leader.

    the members of such a religion or sect.

    any system for treating human sickness that originated by a person usually claiming to have sole insight into the nature of disease, and that employs methods regarded as unorthodox or unscientific.

  78. 3b says:

    He worked last and they year before and he wants to be congratulations for it. Good job!!

  79. Ex says:

    7:46 Your trope is tiresome but I’ll bite. I worked in some really fascinating places during my time in SoCal. The foothills of Sylmar, DTLA, The Valley, and own turf around my house. I enjoyed it. I even had a remote job during lockdown which made life easier. Lockdown was fun for us BTW.

    Made OK money, then I took 2 years off during the 8 we were in SoCal. And it was absolutely wonderful. I toted my kid around and made sure she was where she needed to be. Just great times. No Regrets.

  80. 3b says:

    Ex: Your lack of self awareness is astounding. Trope? You of all people!! You have just been goofing off and getting stoned these last years . When you come down from your high you lash out. You need therapy for your personal anger issues which have nothing to do with politics.

  81. Ex says:

    Like, That’s your OPINION man

  82. Ex says:

    But sometimes, there’s a man. And I’m talkin’ about the Dude here. Sometimes, there’s a man, well, he’s the man for his time and place. He fits right in there. And that’s the Dude, in Los Angeles. And even if he’s a lazy man – and the Dude was most certainly that. Quite possibly the laziest in Los Angeles County, which would place him high in the runnin’ for laziest worldwide. But sometimes there’s a man, sometimes, there’s a man. Aw. I lost my train of thought here. But… aw, hell. I’ve done introduced him enough.

  83. 3b says:

    Opinion, based on relevant facts.

  84. Fast Eddie says:

    100,000,000 people worldwide watched the Kirk memorial.

    The left’s response: I hope ‘he’ burns in hell.

  85. Chicago says:

    Ex: start watching at 4:50
    I want to grow up to be the guy in the white suit at 7:00
    The music blows into the stratosphere at 7:25.

    https://m.youtube.com/watch?v=Wt2UAoeSHn8&pp=ygUuZGVwZWNoZSBtb2RlIG5ldmVyIGxldCBtZSBkb3duIGFnYWluIHNwbGl0IG1peA%3D%3D

    Ex says:
    September 22, 2025 at 8:05 pm
    More Therapy:

    https://youtu.be/snILjFUkk_A?si=O35NpmIZnPcPMaI8

  86. Fast Eddie says:

    Gavin Newsom: “”Kristi Noem is going to have a bad day today. You’re welcome, America.”

    Noem and her family have been moved into government housing over the threat.

  87. Ex says:

    Slow Horses, his latest is a great show! “I’m busy doing fuckall all day”. A quote!

  88. Ex says:

    9:17 what a ride!! Anton Corbin ?

  89. Fabius Maximus says:

    AGAIN KEEP A BIG EYE ON THIS!

    https://www.snopes.com/news/2025/06/12/new-york-lawsuit-2024-election/
    What to know about lawsuit over 2024 general election results in Rockland County, NY
    One online user claimed the county was at “the center of a massive election integrity case.”

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