Posted on 08/24/2016 9:16:51 AM PDT by EinNYC
Qatar’s sovereign wealth fund has made an iconic purchase in America — a stake in the company that owns New York’s Empire State Building.
The $622-million purchase by the Qatar Investment Authority comes as the Doha fund increases its investments in the US as the small country on the Arabian Peninsula tries to cope with low global oil and gas prices.
(Excerpt) Read more at nypost.com ...
Empire State Building has been tilting left for a while.
Loved the view when i worked at Rock plaza but i’m pretty sure they did the whole rainbow color thing a bunch of times.
I spit on Qatar and if they were here I would spit in the faces of the investors.
Let’s see what November brings
On the plus side....they aren’t going to fly planes into their own building.
Didn’t perchance buy 25%, did they?
they aren’t going to fly planes into their own building.”
More likely than not they have insurance on the buildings. IMO no one who is not a United States citizen should be allowed to own any property or have any financial investment in any property in the U.S.
It’s alarming how many Indians and Muslims have purchased real estate and businesses in our part of Texas, and they are doing it with cash dollars.
Another reason is that the soon-to-be-worthless dollar is a compelling argument for foreigners to buy real assets sooner, rather than later.
Very troubling indeed.
Looks like Bill and Hill just sold another part of America for their Clinton RICO family mafia fund...
I think Trump owns the Real Estate the Empire State Building is built on.
“IMO no one who is not a United States citizen should be allowed to own any property or have any financial investment in any property in the U.S.”
There are some countries, many of them socialist, where foreigners and non-citizens can not buy property.
However, if we were to pass such a burdensome law in the United States, the value of your home would decrease by 25-30% and the value of the dollar would plummet.
But other then plunging the United States into a major depression, limiting the ownership of property to citizens is an an interesting idea.
Yes, even Mexico has budged on this point a bit.
I think now foreigners are only banned from owning land along the coastlines and in special zones near the border.
No, 9.9%. And in the company that owns the Empire State Building in addition to other properties.
Guess we don’t have to worry about them flying a plane into it.
So Qatar doesn’t own a quarter of it, then.
No, less that 10%.
you people dont get t do you
Has Qatar placed a bid on the Capitol building and its contents yet?
Was under the impression that Japan does not permit ownership to non-citizens. Is that not correct? May be comparing apples and watermelons but seems like they do fine if my info is correct.
Friend recently had their house on the market. Ended up being a bidding war between a family from India (he’s in the U.S. on an H1B) and a young couple, U.S. born and raised, wanting to buy their first home. Indian family paid $45,000 more than list price and in cash.
Good for the seller and the realtor, but then tax assessment went up on surrounding houses which were similar. So taxes and insurance climbed a whole lot. Young couple has to look for another house and neighbor’s are very upset by increase in their taxes and insurance. Life is not fair but this kind of issue needs some attention.
“Friend recently had their house on the market. Ended up being a bidding war between a family from India (he’s in the U.S. on an H1B) and a young couple, U.S. born and raised, wanting to buy their first home. Indian family paid $45,000 more than list price and in cash.”
“Good for the seller and the realtor, but then tax assessment went up on surrounding houses which were similar. So taxes and insurance climbed a whole lot. Young couple has to look for another house and neighbor’s are very upset by increase in their taxes and insurance. Life is not fair but this kind of issue needs some attention.”
I’m glad your friend was smart enough to sell their house to the highest bidder.
The young couple will find a house they can actually afford.
The Indian guy with the H1B Visa is probably very well educated, good at his profession and will prosper in the USA and that is good for everybody.
If we were to ban non citizens from investing in the USA, our economy would crash and crash hard. That dollar in your pocket would be worth around thirty cents and the US would turn into Albania.
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