[Phantom Lord]

Did you know that the mortgage biz and real estate biz have been taken over by foreign corporations? Is it any wonder that housing prices have inflated beyond reason?

What foreign companies have taken over the mortgage business and real estate business? And how has this caused housing prices to skyrocket?

Be specific and provide supporting documentation. And not a link to your web site.

[Phantom Lord]

Sorry for fogeting to turn off the italic tag in post #55. But I think you know which part is yours and which part is mine.

[ex-Texan]

There are reasons why real estate has inflated so much. The real estate industry, mortgage industry, and lenders have powerful lobbys. Lobbys buy votes. Foreign lobbyists are running around D.C. with bags of cas. Congress is for sale. Both parties line up for free cash every day. Have You Seen This Site Yet? . . . Brief excerpt from the site that is right on point:

The top 10 industries lost to foreign acquisition were:

* Real Estate; Mortgage Bankers and Brokers ($6.70 Billion, 27 Companies)

(Want to learn more?)

[doc30]

I can give some anecdotal evidence for FL. Housing prices have skyrocketed. The locals cannot afford to buy into the market any more. A lot of the homes are bought by out-of-state people, by speculators and a lot of wealthy Europeans looking for vacation homes. A pension from someone living in NYC will make ends meet there, but will let you live well in FL.