Well if you got time for a good read, then the link at the end is worth checking out. If you just want to take my view point then keep reading.

From what I read there is a surge in foreign innvestors buying up homes and condos in the USA. While many people are upset with this, I am somewhat torn.

Obviously taxes will be required of these new home owners, along with upkeep. If they fail either, then the land will be taken or the owners will get sued. Still a vast majority of these purchases are being made CASH, which indicates that the rest of the world is doing pretty good, while Americans stay strapped. Just how you can hold a foreign inverstor responsible for selling/renting a POS proprity after the money has been sent to an overseas bank account is questionable to say the least.

The part that does bother me is the fact that most Americans are unable to take advantage of many real estate deals going on right now. It's fair to say that most Americans do not like the idea of renting from a foreign owner, and the stigma of foreign slum lord is often times true. Naturally it would be hard for any foreign inverstor to go above and beyond in a land that is not their native homeland, thus trying to squeeze every last cent of profit from a rental or sale. In this process something has to give, and it's usually the tennates who rent from the foreign slum lords who do not maintain their rentals and have tennates staying in unsafe conditions.

No one can deny that the nation needs a boost, and that the foreign investors still need a green card to live in the United States. As with any investment they are taking a risk, granit at a super reduced price, but if Americans can pull together, squat a little longer and coax enough of these foreign investors to buy now, then we can as a collective society drop the ball and send price levels plummiting to even lower lows, thus allowing us to buy them back at real deals. Keep in mind the only reason we have so many people still in homes that normally would have been forclosed on long ago is the fact that the banks are trying to shore up the market, by keeping the flood waters at bay, only allowing a regulated few to trickle onto the market. Banks and the Government arent stupid, they know if they kicked everyone out who is in default at the same time house prices would fall to record lows, and the market would become saturated.

I can only hope that housing prices fall another 20-40% because I want to buy in at rock bottom. I want to pay CASH just like these foreign investors, and I want to buy them from their rental companies at dimes on the dollar or at government auctions for dead beat slum lord foreign investors. 

 http://www.msnbc.msn.com/id/39509509/ns/business-real_estate