As an American, try buying land in a foreign country. Good luck. I have no idea why we are doing this, unless we are pawning the family silverware at this point.
An attempt to re inflate the bubble?
Once the O administration is flushed away I would love to be sitting on a bunch of heavily discounted real estate.
“I have no idea why we are doing this, unless we are pawning the family silverware at this point.”
In a way, yes. We’re exporting our housing stock, since we can no longer afford to own it. No different from what Mitch Daniels did in Indiana when he sold off his toll road to a foreign company (or what Governor Perry tried to do here in Texas, except at 20 times the scale).