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It needs context. Are 100% of American home buyers foreign? Wow, that's quite dramatic. Are 20% of buyers foreign? Okay, so that's an aggregate decline of 8 per
by JMTQp8lwXL 7y ago
It needs context. Are 100% of American home buyers foreign? Wow, that's quite dramatic. Are 20% of buyers foreign? Okay, so that's an aggregate decline of 8 percent-- while impactful, not nearly as exciting of a number, which matters in a journalistic sense these days.
- sachdevap 7y agoNote that an 8% decline does not capture the demand implications. If the market is pretty sensitive to demand, 8% is a pretty big number.