4 ms·
The percent of foreign home ownership is incredibly small.
by carom 4y ago
The percent of foreign home ownership is incredibly small.
- carom 4y agoFor the downvotes, less than 10% of transactions in the US in 2013 [1]. When I first saw this for Canada I looked it up and it really only accounts for something like 3% there. 1. https://en.wikipedia.org/wiki/Foreign_investment_in_United_States_real_estate https://en.wikipedia.org/wiki/Foreign_investment_in_United_S...
- metadat 4y agoWhen that small percentage is concentrated in the most desirable areas it becomes amplified and adds significant strain to a housing system which wasn't designed for it. The really interesting data would be the geographic spread. 10% of all total transactions in the United States is actually a huge volume and big deal when concentrated in NYC, SF Bay Area, and Seattle etc.