[RebelBanker]

I remember when Japanese “investors” overpaid for American real estate in the 1980’s - Major contributor to the real estate bust in the early 1990’s.

[Hugin]

Yep, and they ended up losing their shirts when they had to sell them.

[jttpwalsh]

I remember when Japanese “investors” overpaid for American real estate in the 1980’s .

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Respectfully, I think it is great, when this happens. All markets are subject to forces, but the best thing, for me, is foreign investors can’t take their real estate back home with them.

Thanks.

[Vendome]

They can’t take it anywhere.

[Eric in the Ozarks]

The Japanese overpayment syndrome began in the late 1960s.
By the early 70’s, Bridgestone had out bid Perelli for the carcass that was Firestone Tire. They paid something near $80 per share for a company with no technology, no modern factories, just coming back from a massive recall of the Firestone 500.
It took Bridgestone over 40 years to turn their Firestone investment into a paying proposition.