Comments on: Foreign Buying of US Real Estate Surges Over 32% https://betterdwelling.com/foreign-buying-us-real-estate-surges-32/ Canada’s Fastest Growing Real Estate News Source Thu, 24 Aug 2017 00:04:46 +0000 hourly 1 By: Nouvelle Beaute Wrinkle Reducer https://betterdwelling.com/foreign-buying-us-real-estate-surges-32/#comment-5319 Thu, 24 Aug 2017 00:04:46 +0000 https://betterdwelling.com/?p=6662#comment-5319 Some genuinely interesting points you have written.Aided me a lot, just
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]]> By: Foreign Buying of U.S. Real Estate Surges 32% - munKNEE dot.com https://betterdwelling.com/foreign-buying-us-real-estate-surges-32/#comment-4797 Fri, 21 Jul 2017 14:30:54 +0000 https://betterdwelling.com/?p=6662#comment-4797 […] comments above are edited ([ ]) and abridged (…) excerpts from the original article by Kaitlin […]

]]> By: Foreign Buyers of U.S. Real Estate Surges Over 32% - munKNEE dot.com https://betterdwelling.com/foreign-buying-us-real-estate-surges-32/#comment-4796 Fri, 21 Jul 2017 13:47:28 +0000 https://betterdwelling.com/?p=6662#comment-4796 […] comments above are edited ([ ]) and abridged (…) excerpts from the original article by Kaitlin […]

]]> By: Justin Thyme https://betterdwelling.com/foreign-buying-us-real-estate-surges-32/#comment-4766 Wed, 19 Jul 2017 01:07:50 +0000 https://betterdwelling.com/?p=6662#comment-4766 I presume that all of these purchases were made in American dollars. On the surface, that means up to $53 billion in foreign currency was converted to greenbacks to make these purchases.

However, what is NOT stated is how much mortgage money was used to buy these properties? And was the source of this mortgage money in the US, or off-shore?

And, most importantly, what is the definition of ‘resident’? If these units were rented out, to pay the mortgage, they would be paid for through American money, not money that left China, for instance.

Many Canadians buy investment property in tourist areas, and rent it out for American dollars, to pay the mortgage. In the end, they build up a substantial holding in American funds, without having to convert Canadian to American. In the US, mortgage payments are tax deductible, so the rent that comes in is offset by the tax deductible mortgage money paid out.

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