"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
How Foreign Hot Money Reinflated The Housing Bubble
Submitted by A. Magnus on Wed, 2017-07-19 00:00
"Foreign sales accounted for 10 percent of all existing home sales by dollar volume and 5 percent by number of properties. In total, foreign buyers purchased 284,455 homes, up 32 percent from the previous year. Half of all foreign sales were in just three states: Florida, California and Texas."
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